Sarita Colonia Ded Progreso Group
Martha sells sweets in a space in her house. She started this business seven years ago with very little, and little by little with great effort, work, and savings she has increased her merchandise. Through her work, she has been able to contribute financially to house improvements, and also helps her two younger children with their university education expenses.
In the future she would like to start a plastic sealing company.
The loan that she has requested will be used to invest in her small neighborhood store.
MARTHA SE DEDICA A LA VENTA D. GOLOSINAS, EN UN ESPACIO D. SU CASA, HACE SIETE AÑOS COMENZÓ CON MUY POQUITO Y POCO A POCO EN BASE A ESFUERZO, TRABAJO Y AHORRO HA IDO AUMENTANDO SU MERCADERÍA.
CON SU TRABAJO, HA PODIDO COLABORAR ECONÓMICAMENTE EN LAS MEJORAS D. SU CASA Y AYUDA EN LA EDUCACIÓN UNIVERSITARIA D. UNO D. SUS HIJOS MENORES.
LE GUSTARÍA MAS ADELANTE EMPRENDER UNA EMPRESA D. SELLADO D. PLASTICO.
ELPRESTAMO SOLICITADO LO UTILIZARÁ PARA INVERTIR EN SU BODEGA.
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