This group has worked with EDAPROSPO-Prosperidad for a year. The members are devoted to different activities such as the sale of fast food in the markets, the sale of juices, snacks and clothing. With the loan that was recently granted, Justina will pay school fees for her child, since her greatest dream is to see him become a professional. The other members will increase their capital so that they can have higher productivity, improve their position in the market, and attract more customers. The members of the group have big dreams and goals, and they are very grateful to the institution for all of the support provided. They pledge to make their payments, and to continue working so that they will not let down the lenders.
Trabajan con EDAPROSPO – prosperidad desde hace 1 año, nuestros socios se dedican a diferentes actividades como la venta de comida rápida en los mercados, otros socios a la venta de jugos, golosinas y otros socios a la venta de ropa; con el reciente préstamo otorgado, la señora Justina pagara la matricula de educación de sus hijo, ya que su gran sueño es que sea profesional, todos los demás socios incrementaran su capital para así obtener una mayor productividad, mejor posesión en el mercado y captar mayores clientes. Los socios tienen grandes sueños y metas y se encuentran, muy agradecidos con la institución por todo el apoyo brindado y se comprometen a cumplir con los pagos, seguir trabajando y no defraudarlos.
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