Unidas Por Siempre Group
Yanina is a member of this group. She is 39 years old, separated, and has two dependent children. Yanina has been selling clothing for more than 15 years. With some effort, she was able to set up a space in her home where she can display her garments. Over time, she has improved her business and started selling beauty products as well. Yanina is proud because, through her hard work, she has been able to help her children in their studies and improve their home.
With the aim of continuing to make progress, Yanina has requested a loan to invest in her business buying polo shirts, shorts, skirts and beauty products such as perfume, talcum powder, creams, etc. This will give her more products to offer her customers. Yanina's wish is to continue growing in her business. The 'Unidas Por Siempre' community bank are grateful for the help that they are being given as it will enable them to make progress. In the photo, Yanina is in the back row, in the center. She is wearing a brown, checkered blouse.
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