Los Laboriosos Group
Jesús Ulises provides painting services, such as painting façades for houses and institutions. Thanks to his work done independently, he has improved the infrastructure of his house and finishing. His business has also helped him cover the university costs of his oldest son and the high school costs of the younger one.
The loan will be used to buy tools and improve the equipment to provide a better service.
El préstamo recibido lo invertirá en la compra de herramientas y el mejoramiento de sus equipos para brindar un mejor servicio.
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