Esperanza De Vida Con El Futuro Group
Guillermo buys wholesale and sells from his home. This business came about as the result of his wife dying and he had to stay with the 4 children supporting and caring for them while at the same time working very hard in order to raise them.
Guillermo tells us that today he has more customers and the trust of his clients because of the good products that he sells.
Thanks to his fortitude and hard work he attained a higher income, allowing the children to study. Little by little he bought things for the house and above all gave his family a better quality of life.
In order to continue growing he is asking for a new loan with which he will buy Lucería plates, glasses, and knickknacks. We know that Guillermo will meet his goals with hard work and strength and that a loan from Edaprospo will help him.
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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Success!! The loan was 100% repaid