M. has many plans for the future. He wants his business to keep progressing, now that he has employees and many customers. He is the president of the “RESPONSABILIDAD” group, which he formed with his friends and neighbors. He takes his commitment to the group seriously, and will fulfill his duties in the best way. This is M.’s first loan and he will use it to purchase a nebulizer machine; he needs it for his business and in order to achieve his goal of being a successful businessman.
* M. is the one wearing the green shirt.
El señor M. tiene muchos planes a futuro quiere que su negocio siga progresando ahora cuenta con trabajadores y muchos clientes, por otro lado junto con vecinos y amigos forman el grupo “RESPONSABILIDAD” del cual es presidente, su compromiso con el grupo es serio y lo desempeñara de la mejor manera, este es su primer préstamo y lo utilizara para comprar una maquina nebulizadora necesaria para su negocio y cumplir sus deseos de ser un empresario exitoso.
*E l Señor M. es el que viste camisa verde
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