United For Progress Group
Fernando has worked with EDAPROSPO – Prosperity for 8 months. Currently, he is President of the community group "United for Progress", maD. up of 10 members who take part in various activities, such as the sale of vegetables and sweets door to door, and others.
Fernando and his wife have a small bodega “YULISSA” located in the high and rural area of Huaycan. For 8 years they have provided their customers principally with staple needs. This loan of S/ 500.00 Nuevos Soles will be invested in the purchase of merchandise like corn, sugar, milk, etc.
Fernando hopes to grow his bodega in the future, and would also like to purchase his own taxi cab.
Trabaja con EDAPROSPO – Prosperidad hace 8 meses actualmente asume el cargo D. presidente D. L. alcancía comunal “Unión por el Progreso” conformado por 10 socios, quienes realizan diversas actividades como: venta D. verduras, venta D. golosinas en forma ambulante y otros.
Fernando y su esposa cuentan con una pequeña bodega “YULISSA” ubicada en L. zona alta y agreste D. Huaycan, con L. cual desD. hace 8 años abastece a sus clientes principalmente en los productos D. primera necesidad.
El préstamo D. S/ 500.00 Nuevos Soles, lo invertirá en L. compra D. mercadería como arroz, azúcar, leche y otros.
Fernando en el futuro anheL. hacer crecer su bodega y también le gustaría comprarse un carro D. transporte público.
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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