San Judas Tadeo De 1Ro De Enero Group
Francisca sells chicken in the Modelo Market in her area. She has been in the business for seven years. BefO. she was a homemaker because her children were still in school and they needed her support. Her husband was the one who ran the business at the market. Seeing that business was profitable they decided to buy land where they began selling. Now they have a two storey house and a car that he uses to provide taxi service. Francisca prefers not to stay in their current location and wants to buy property closer to downtown to open a similar business.
Francisca se dedica a la Venta de carne Pollos en el Mercado Modelo de su zona, lleva en este negocio cerca de siete años, antes de esto solo se dedicaba al hogar puesto que sus hijos aún eran estudiantes y necesitaban de todo su apoyo; era su esposo quien en ese entonces se dedicaba al negocio en otro mercado, al ver ella que era rentable decidieron comprar un terreno donde empezó a vender, ahora su casa tiene dos pisos y adquirió un auto que lo puso a trabajar como servicio de Taxi. Francisca no quiere quedarse ahí y pretende comprar otro terreno más céntrico donde pueda abrir otro negocio similar.
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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