Juntos Trabajando Group
For the past 20 years Rufino has made a living providing transportation by moto-taxi. Thanks to his work he has been able to support his family, build a house and pay to educate his children.
The loan he will receive will be invested in maintenance for his moto-taxi, which will allow him to provide good service to his passengers.
El Sr. Rufino se dedica desde hace 20 años a prestar servicio de transporte mediante una mototaxi, gracias a su trabajo ha podido mantener a su familia, construri su casa y dar estudios a sus hijos.
El préstamo recibido lo invertirá en el mantenimiento de su mototaxi para poder brindar un buen servicio a sus pasajeros.
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