Elmer sells tubers and has a stall in his city market; he has had his business for about 6 years. Previously, Elmer worked helping his father framing metals but due to the little work he decided to leave the business and help his mother who sells vegetables. Little by little he learned about the business and with his brother they decided to open their own stalls to sell vegetables and tubers. They tried out the business for 15 days and sadly his brother got discouraged and left. Elmer started out with very little capital but at this time he has gotten ahead and at present has 2 trucks that he uses to give transportation to his colleagues who bring their products from the wholesaler market. This has encouraged him devote himself to this work and wants to buy another truck and hopes to buy his own plot of land in the future. The loan will help him to keep buying his products that he sells for example: potatoes, onions, tomatoes, etc. At present he is the president of the group “Faith and Happiness.”
*Elmer’s the one with the striped polo.
Elmer se dedica a la venta de tubérculos tiene un puesto de venta en el mercado de su zona ya tiene con el negocio cerca de 6 años, anteriormente trabajó ayudando a su padre en su negocio de estructura metálica, pero debido al poco trabajo decidió dejarlo y ayudar a su mama que se dedica a la venta de verduras poco a poco aprendió sobre el negocio, junto a su hermano deciden separarse para abrir por su propia cuenta un negocio de venta de verduras y tubérculos, así probaron durante 15 días lamentablemente su hermano se desanimo y lo dejo solo, Elmer empezó con muy poco capital pero durante todo este tiempo ha surgido y actualmente tiene 2 camionetas con las que brinda servicio de transporte a sus colegas que traen sus productos desde el mercado mayorista, esto lo a animado a dedicarse a este rubro quiere comprarse otro camioncito y también anhela comprarse su propio terreno su préstamo le servirá para seguir invirtiendo con la compra de los productos que vende como papas, cebollas, tomates etc. actualmente el ocupa el cargo de presidente del grupo “FE Y ALEGRIA”
* Elmer esta con polo a rayas.
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.