Paz Y Progreso Group
Ines sells and repairs shoes with her husband. With the little income that they make, they are able to support their three children and send them to school. Her loan will be invested in the purchase of materials to improve the finished shoes that she offers.
With great effort, Fausta was able to open a restaurant many years ago. This business has helped to support and educate her children. In addition, she wants to build a home and next to it an events hall for hosting social gatherings such as birthday parties and christenings. She hopes to generate rental income that would increase her earnings.
The group is very committed to their loans and promises to make their payments on the specified due dates.
Ines se dedica a la venta y renovación D. calzados juntamente con su esposo con los pocos ingresos que tiene pueD. educar y mantener a sus tres hijos, el préstamo obtenido lo invertirá en la compra D. materiales para mejorar los acabados del calzado que ofrece.
Con mucho esfuerzo Fausta pudo aperturar un restaurant hace muchos años este negocio la ayuda a pagar a la manutención y educación D. sus hijos. Además ella pudo construir su vivienda y dentro D. ella un local para eventos sociales: como fiestas D. cumpleaños, bautizos etc D. lo cual percibe ingresos por el alquiler del local y así pueD. tener mayores ingresos.
El grupo esta muy comprometido con los créditos y se comprometen a realizar sus pagos en las fechas establecidas.
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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