Cristo Salvador Group
Because he retired from the business, he decided to use his savings to invest in a business in his house to help his parents. That is how he was able to open a store named “Mike:” He has been supplying his customers with basic needs products, gas and other items, for seven years. Because of this, he has been able, until now, to improve his home and take care of his parents.
He has worked with EDAPROSPO-Prosperidad for six years. He currently is president of the Cristo Salvador Community Bank, which is maD. up of 11 members. They work at diverse activities like traD. and services. His recent loan will be used to buy merchandise like rice, sugar, milk, and others. This is to supply his customers and build their loyalty.
In the future he wants to be able to make his business grow and convert it into a mini market. He would also like to have a pharmacy.
Miguel Trabajó 11 años como obrero en la empresa “CONCISA” un service D. sedapal. A raíz que se retira D. la empresa, deciD. con sus ahorros invertir en un negocio en casa para ayudar a sus padres.
Logrando así la apertura D. una bodega con el nombre D. “MIKE”, abastece a sus clientes desD. hace 7 años con productos D. primera necesidad, venta D. gas y otros, logrando con ello hasta el momento mejorar su vivienda y cuidar D. sus padres.
Su reciente préstamo será utilizado en la compra D. mercadería como: arroz, azúcar leche y otros, para seguir fidelizando y abasteciendo a sus clientes.
En el futuro anhela poder hacer crecer su negocio y convertirlo en un minimarket y también le gustaría tener una 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