Raúl is 46 years old, divorced, and has 1 daughter. Raúl is currently a member of the “Las Semillitas” communal bank; the group is made up of 8 members who make a living from a variety of commercial activities. Raúl has worked at his own auto body repair and paint shop for the past 15 years. Raúl’s business grew out of his 13 years of experience working as a mechanic in a shop; he started off working there as an assistant, and it was there that he gained all of the experience that he puts into his own business. His motivation in everything has been his daughter. He knew that starting his own business would not be easy, but he worked day and night so that now, thanks to his efforts and dedication, he is able to pay for his daughter’s university education, he has his own shop, and he now has a better quality of life. Raúl has asked for a new loan so that he can purchase spare parts and expand his business. We know that Raúl will accomplish his goals through much hard work, and that the loans from Edaprospo will help him to achieve his goals.
El Sr. Raúl tiene 46 años de edad, es divorciado y tiene 1 hija, Raúl actualmente es socio en la alcancía comunal “Las Semillitas” grupo conformado por 8 socios que se dedican a diversas actividades de comercio. Raúl trabaja desde hace 15 años en su propio taller de planchado y pintura de automóviles, este negocio surge a raíz de que Raúl trabajo 13 años en un taller como mecánico donde empezó como ayudante y fue así donde adquirió toda la experiencia para poner sus propio negocio , su motivación en todo esto fue su hija, él sabe que empezar no era fácil pero trabajo día y noche para tener lo que hoy en día tiene, gracias a su esfuerzo y dedicación puede pagar la universidad de su hija, el taller de su negocio es propio y hoy en día tiene una mejor calidad vida. Raúl ha solicitado un nuevo préstamo para comprar repuestos y ampliar su negocio. Sabemos que Raúl cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de Edaprospo le ayudaran.
EDAPROSPO 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.