Just as there are entrepreneurial women, there are also entrepreneurial men. This is the case with Hugo, age 64. His life has been a constant practice and example of an iron-clad spirit of determination, rooted in a profound respect for values. These characteristics are reflected in his daily life. He belongs to the Sarita Colonia group with 6 members, which carries this name in honor of the patron saint of the area. Hugo has been in the group for 3 years. He is a married man with five children, all of them grown. He has a school, and he is the director and mathematics teacher. He started with 2 classrooms, and now he has 7 more classrooms, thanks to his efforts. Together with his wife, they set a goal to fulfill and a challenge to achieve economic improvement for their household. With the loan, he wants to make an investment in improving the school's classrooms.
Así como las mujeres también existen hombres emprendedores este es el caso del señor Hugo de 64 años de edad, su vida ha sido ejemplo y practica constante de un ferro espíritu de lucha, fundamentada en un profundo respeto por los valores; aspectos que se reflejan en su vida diaria. Pertenece al grupo Sarita Colonia con 6 integrantes, el cual lleva ese nombre en honor a la santa de la zona, el esta en el grupo ya 3 años. Hugo es un hombre casado, con cinco hijos, todos mayores de edad, el tiene un colegio es el director y docente de matemáticas, comenzó con 2 aulas y ahora tiene 7 aulas mas gracias a su esfuerzo junto con su esposa se pusieron una meta por cumplir y un desafío por realizar la mejoría económica de su hogar. Con el préstamo desea hacer una inversión en mejorar las aulas del colegio.
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.