Yahve Yire Group
Miguel has a recording studio. This business emerged from the idea of getting income to continue paying for his systems engineering studies. His greatest wish is to satisfactorily complete his systems engineering studies. Upon completion he wishes to look for work in a well-known company.
He will use the requested loan to purchase instruments like a sound card and amplifiers, etc. to equip his recording studio. The will allow him to work better.
The Yahve Yire communal bank is grateful for the loan they were granted because it makes their progress possible.
Miguel is in the first row wearing a red shirt and beige pants.
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