Trabajando Para El Futuro Group
Georgina has been working for 15 years selling wholesale food products and seasonings. This business came about because she wanted to help her parents to have a better quality of life since she doesn't have children herself. She got together some capital and invested in food products, and in time her business began to grow. She began to sell wholesale seasonings (such as ground chili pepper, garlic powder, black pepper, etc.) and her business continued to grew and became very well known. Now it has an even larger clientele, and thanks to her effort and dedication she has achieved better economic earnings. She has built herself a home, and her family has a better quality of life.
With the objective of continuing to grow, she has requested a new loan in order to purchase merchandise and supplies such as noodles, rice, milk and chili peppers. We know that Georgina will achieve her goals with a lot of hard work and effort and that the loans from Edaprospo will help her succeed.
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