Rosa Mistica Group
Felipe D. Jesus has worked with his mother for 15 years. The art of carpentry has been passed down from generation to generation. He learned the traD. from his father at an early age. Thanks to this business, Felipe D. Jesus is able to support his younger siblings who are in school.
In his small humble workshop, Felipe D. Jesus works with two assistants who receive a commission for each piece they complete. The loan that is being granted will be invested in the purchase of wood for making furniture, doors, and other jobs that are pending delivery.
Felipe D. Jesus trabaja en compañia D. su señora madre desD. hace hace 15 años. El arte D. la carpinteria viene D. generacion en generacion y èl lo aprendio D. su padre a tenprana edad.
Actualmente gracias a esta actividad, Felipe D. Jesus ayuda a sus hermanos menores, quienes se encuentran en edad escolar.
En su pequeño, pero humilD. taller, trabaja con 2 colaboradores, quienes reciben un incentivo por el trabajo que realizan al destajo.
El prestamo que se le otorga, lo invertira en la compra D. maderas para la elaboracion D. sus muebles, puertas y demas trabajos que tiene pendiente D. entrega.
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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