Nuevo Amanecer Group
Alberto wants to continue growing, but to do so he needs financial capital, which he does not have. For this reason, he turned to EDAPROSPO-PROSPERIDAD to obtain a loan. He currently has a small carpentry workshop, which he plans to continue to grow with loans from EDAPROSPO-PROSPERIDAD. Additionally, he will use the loan to proviD. his children with a better quality of life and set up a bakery for his wife
Alberto quiere seguir creciendo, para ello le es necesario contar con un capital el cual no lo tenía. Por tal motivo acudió a EDAPROSPO – PROSPERIDAD a fin D. obtener el crédito actualmente tiene un pequeño taller D. carpintería que piensa seguir implementando en los siguientes préstamos que recibirá D. EDAPROSPO-PROSPERIDAD, además darle una mejor calidad D. vida a sus hijos e implementar su taller D. repostería D. su señora esposa
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