Paz Y Progreso Group
Fausta runs her own restaurant selling breakfasts, lunches and fizzy drinks. Fausta has started her activity by renting out a restaurant; in time she has succeeded in buying the same restaurant and now it belongs to her, and she can count on recurring customers.
Fausta has requested a loan to expand her restaurant and to buy tables. She hopes that her restaurant will keep on growing and she dreams of opening another one.
Fausta is separated and she has 2 children. Thanks to her efforts and dedication, Fausta has succeeded in paying for her children’s university education and in offering them a better standard of living. Fausta is very happy about the loan and she is grateful to Edaproso and Kiva.
Fausta tiene un restaurante propio donde vende desayuno almuerzos y gaseosas, Fausta inicia su negocio alquilando un restaurante, con el tiempo pudo comprar el restaurante y ahora es propio, ahora cuenta con clientes fidelizados.
Fausta ha solicitado el préstamo para ampliar su negocio y comprar mesas . Su sueño es que su negocio siga creciendo y abrir otro restaurante.
Fausta es separada y tiene 2 hijos. Gracias a su esfuerzo y dedicación, Fausta ha logrado pagar los estudios de sus hijos en la universidad y ofrecerles una mejor calidad de vida. Fausta está muy contenta con este préstamo y agradece a Edaprospo y a Kiva.
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