Caritas Felices Group
This Yolinda's situation. She's an enterprising woman who, wanting to support her partner with the household expenses, decided to start her own business. Currently she makes a living selling clothing for children and adults, which she does on order. As a secondary job she sells beauty products. With the fruit of her effort she has improved her home.
She'll use the money she requested to buy clothing such as polo shirts, pants, and jackets because she has orders to fill.
Later she plans to set up a store in her home, which will allow her to be close to her children. Yolinda is grateful for the loan she received and promises to continue working well with the Prosperidad program.
Yolinda is the second from the right, wearing a red polo shirt, gray pants, and a white cap.
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