Mario is 57 years old. He is a prosperous worker who owns a panel beating and painting workshop called "MAC" (which are the initials of his name). His workshop is located in his home which allows him to spend a lot of time with his family. For a long time, Mario worked for other people. However, he decided to open his own business and this turned out to be a good decision, in spite of the fact that it was difficult at first to consolidate his business and gain a lot of customers.
Mario's customers trust his work and, through his work, he has been able to look after his family. He is currently about to start a new business preparing food. He has set up a restaurant in his home and he will use his loan to buy cooking utensils and other equipment. He will open his new business in the month of August. He knows that his business will do well because it is located in a strategic position where there are a lot of passersby.
Mario is currently the president of the 'Mujeres Virtuosas' (Virtuous Women) group which has seven members.
* Mario is the man who is sitting on the far right of the photo.
El Sr. Mario tiene 57 años es un prospero trabajador tiene un taller de planchado y pintura “MAC” que son las iniciales de su nombre, el taller lo tiene en su misma casa esto le permite no ausentarse y estar con su familia por mucho tiempo el Sr., Mario trabajo para otras personas pero decidió abrirse solo y no se equivoco a pesar que al inicio fue difícil logro consolidarse y tener mucha clientela, sus clientes confían en el su trabajo le ha permitido velar por su familia , en la actualidad esta por iniciar un nuevo negocio en el rubro de comidas para esto esta ambientando un lugar en su casa para poner su restaurante con su préstamo comprara los utensilios de cocina y otros enseres en el mes de agosto estará inaugurando su local, sabe que le ira bien por ser un lugar estratégico donde hay mucha fluidez de publico, actualmente es presidente del grupo “MUJERES VIRTUOSAS” que esta formado por 07 socios.
* El Sr. Mario esta sentado el ultimo de la derecha.
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.