Fe Y Alegria Group
She also has worked for 5 years preparing food at a high school. She has been able to build her home, and plans to use this loan to remodel her home. Currently, Dora is providing for the expense of feeding and educating her children while her husband pays for the electrical and light bills. She has belonged to the Fe y Alegría (Faith and Happiness) Group for 4 years. This group is comprised of 6 people. Dora has been the president of the group for a year.
También se dedica a la preparación D. comida para un colegio con el cual lleva 5 años, hasta ahora ha logrado construir su vivienda, piensa usar el reciente préstamo en la remodelación D. su hogar; actualmente Dora es la que cubre los gastos D. alimentación y educación D. sus hijos mientras que su esposo cubre los gastos D. agua y luz. Ella pertenece al grupo “Fe y Alegría” en el cual lleva 4 años y que esta conformado por 6 personas, actualmente Dora lleva un año como presidenta del grupo.
About EDAPROSPOEDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid