Senor Miguel is single and 37 years old. Currently he is a member of the communal bank “Cristo Salvador” which consists of 8 members who work in various trading businesses. Miguel has worked for 10 years selling groceries, that is he sells grocery supplies (rice, milk, noodles) etc. The business arose because Miguel wanted to be economically independent in order to save and be able to study and in turn help his parents. Over time due to a loyal client base his business has grown. Thanks to his effort and dedication he has achieved better economic returns. Little by little he bought items for his home and his parents in particular have a better quality of life. In order to continuing growing, he has asked for a new loan to buy groceries (rice, milk, noodles). We know that Miguel will achieve his goals with a lot of work and effort and that the loans from Edaprospo will help him.
El Sr. Miguel es soltero, tiene 37 años D. edad actualmente es integrante en la alcancía comunal “Cristo Salvador” grupo conformado por 8 socios que se dedican a diversas actividades D. comercio. Miguel trabaja desD. hace 10 años en la venta D. abarrotes es decir venD. insumos (arroz, leche, fideos) etc. Este negocio surge porque miguel quería obtener una independencia económica para ahorrar y poder estudiar y a su vez ayudar a sus padres, con el tiempo cuanta con clientes fidelizados su negocio ha crecido, gracias a su esfuerzo y dedicación a logrado mejores ingresos económicos, poco apoco fue comprando cosas para su hogar y sobre todo sus Padres cuenta con una mejor calidad D. vida, con el fin D. seguir creciendo a solicitado un nuevo préstamo para comprar insumos (arroz, leche, fideos) .Sabemos que Miguel cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos D. Edaprospo le ayudaran
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.