Las Palmeras Group
In a completely separate venture she also sells clothing. With all of her income she has been able to help with her children’s education and see them become professionals. This year she has planned the completion of the construction of her house and regarding her business she wants to set up a moto-taxi business with her family [A moto-taxi is a motorcycle with attached trailer for passengers]. With her loan she will be able to improve and maintain her units. She belongs to the group “Las Palmeras” [The Palm Trees], a close-knit group motivated to keep working.
*Nelly is the fifth from the right
muy aparte también se dedica a la venta de ropa,con todos sus ingresos ha logrado ayudar en la educación de sus hijos y lograr que sean profesionales, para este año tiene proyectado terminar la construcción de su casa y en cuanto a lo que se refiere su negocio quiere formar una empresa de moto taxis junto a su familia. Con su préstamo obtenido podrá mejorar sus unidades y darle mantenimiento, el grupo al que pertenece es “LAS PALMERAS” un grupo muy unido y con ganas de seguir trabajando.
* la Sra. Nelly es la 5ta de la derecha
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