Divino Niño Jesus - Chupaca Group
Antonia became a widow 25 years ago and took charge of her children. Thanks to her efforts they are now young professionals. Antonia´s wish is for her business to continue to grow so as to be able to support her children through their master's degrees.
(In the picture Antonia is the fourth person from the left - the silver-haired lady with glasses, wearing a pink sweater and standing behind the counter of her shop).
She is going to use the money lent to her to buy merchandise for her pharmacy.
Antonia quedò vuida hace 25 años, y se hizo cargo D. sus hijos, quienes por el esfuerzo D. su madre ahora son jovenes con estudios profesionales. El anhelo D. Antonia es que su negocio siga creciendo para poder apoyar a sus hijos con sus maestrìas.
(en L. foto, Antonia es L. cuarta persona D. L. izquierda, señora D. pelo color plateado con lentes, viste chompa color rosa y se encuentra detras del mostrador D. su negocio)
El dinero que se le brinda, lo usarà para comprar mercaderìa para su Botica.
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