Mi Pequeña Hacienda Group
Haydee Hermelinda has been selling vegetables for five years. She began as a street vendor when her son was two years old. She was alone and therefore she decided to start a business in order to cover the expenses of her young son. Now she rents a stall in a market near her home. One of her biggest desires is to buy and be the proprietor of her own stall to stop paying rent.
She will invest the loan she received in buying vegetables at wholesale price. The person in the upper part of the photo is Sra. Yanet.
La Sra. Haydee Hermelinda, se dedica desde hace 5 años a la venta de verduras, ella inició como ambulante desde que su hijo tenía dos añitos, se encontraba sola por lo que tuvo que tomar la decisión de iniciar un negocio para poder cubrir los gastos de su pequeño hijo, hoy en día ella alquila un puesto en un mercado cerca a su casa, siendo uno de sus anhelos comprar y ser dueña de su propio puesto para dejar de pagar alquiler.
El préstamo recibido lo invertirá en la compra de verduras a precio por mayor.
En la parte superior se encuentra la señora Yanet.
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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