Nuevo Amanecer Group
Julia has been selling salchipapas (fast food made from hotdogs and potatoes) for more than five years. She started her business with a small stove where she prepared her fried dishes. Little by little, and by working with dedication and effort, she was able to buy a larger stove, and currently runs her business in a space set up in her home.
When she receives the loan, she will use it to buy chairs and some tables so that she can serve her customers in more comfort. In addition she has bought all kinds of disposable items that are necessary to serve her salchipapas, sandwiches and fried chicken.
La Sra. Julia se dedica desde hace mas de cinco años a la venta de salchipapas, inició su negocio con una pequeña cocinita donde preparaba sus frituras, poco a poco y con la dedicación y esfuerzo de su trabajo pudo comprar una cocina mas grande y actualmente atiende en un espacio ambientado en su domicilio.
El préstamo recibido lo invirtió en la compra de sillas y algunas mesas para poder atender mas comodamente a sus clientes, asimismo compró todo lo que es articulos descartables que son necesarios para servir sus salchipapas, sanguches y pollos broaster.
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