Augosto is the president. He is 53 years old, married, and has two children. He has been selling fish at the fishing terminal for 20 years. He started this business because he used to be a helper to a person who sold fish, and Agosto decided to become independent. Through his work efforts he has managed to build his house. The income from his business covers the food expenses and pays for services. He tells us that his big goal is to expand his business more.
The loan he is requesting is to buy merchandise.
All of the members are grateful for the support, and they pledge to make their payments on time.
Augusto tiene 53 años, casado, y tiene 2 hijos. DesD. hace 20 años se dedica a la venta D. pescado en el terminal pesquero, se inicio en este negocio porque inicialmente era ayudante D. una persona que vendía pescado, luego decidió independizarse, con el esfuerzo D. su trabajo ha logrado la construcción D. su vivienda, con el ingreso D. su negocio cubre los gastos D. alimentos y pago D. servicios, nos cuenta que su gran meta es ampliar mas su negocio.
El reciente préstamo será destinado a la compra D. mercadería, todos nuestros socios agradecen el apoyo brindado y se comprometen a pagar en los plazos pactados.
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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