Los Sauces Group
The members of this group sacrifice a lot, between the household chores and their businesses. In the case of Julia S., she and her mother have a restaurant. She started out in the business this way, and now she runs it herself and at the same time studies English in the evenings. This loan will be invested in improvements to her business and in her studies. It is worth mentioning that each member of this group has enthusiasm and a strong desire to get ahead through hard work and dedication.
Nuestras socias hacen un gran sacrificio entre los quehaceres del hogar y sus negocios, en el caso D. Julia S. ella lleva adelante un restaurant con su madre, ya que fue así como comenzó en el negocio y hoy en día lo administra, a su vez estudia Ingles por las tardes, el presente préstamo lo invertirá en mejoras del negocio y en continuar sus estudios. Cabe mencionar el entusiasmo y el deseo D. seguir saliendo adelante con esfuerzo y dedicación hacia un bienestar y mejora D. cada una D. las integrantes D. la alcancía comunal.
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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