Enterprising and determined are qualities that describe Sr. Juan Miguel. He is 40 years old and part of the group “El Eden”, which consists of nine members. They are intelligent people who started their own businesses and are changing their work environment. Juan Miguel has a bookstore called “El Buen Pastor” (The Good Shepherd) that he manages every day. The income he generates from his sales has been satisfactory and allows him to pay for the education of his two children and the household necessities. Juan Miguel also works as an electronics technician in his spare time.
With this recent loan, he will buy school supplies and new novelty products to keep his business in operation.
Emprendedor y luchador, son las cualidades del señor Juan Miguel D. 40 años D. edad, que pertenece a la Añcancia comunal "El Edén" y conformado por nueve integrantes, son personas inteligentes que están emprendiendo negocios que están cambiando nuestro entorno laboral. El tiene una librería llamada El Buen Pastor que es su negocio a diario, los ingresos económicos D. estas ventas le han generado gratas satisfacciones, como lograr pagar los estudios D. sus dos hijos y completar sus necesidades en casa, también trabaja como Técnico Electrónico en sus ratos libres, con el reciente préstamo piensa invertir en la compra D. útiles escolares e implementar su negocio con nuevos novedades.
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.