El Renacer De Chacrasana Group
Haydee is 44 years old and lives with two children who are still her dependents. Currently, she works selling candies and soft drinks in a kiosk that is outside her home. Years ago, she worked as a housekeeper at the Club de Huampaní hotel. In this way she has been able to educate her children, since she doesn't have a fixed income coming from her spouse.
She will invest this loan in buying more candies, soft drinks and biscuits. Her greatest desire is that her children have professional careers.
The group is thankful to Kiva lenders for the loan provided. Haydee is the first person on the right, wearing a black sweater.
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