Las Semillitas Group
Since 15 years ago, Raul has worked in his own garage, painting cars. This idea started because he worked for 13 years in a garage, where he started as an assistant and was like this that he acquired all the experience needed to start his own garage. His inspiration in all this has been his daughter. He knew that starting a business wouldn't be easy but he worked hard, night and day to have what he has. Thanks to his effort and dedication he has been able to pay the university of his daughter, have his own business and have a better quality of life.
Raul requests a loan to buy spare parts for vehicles. Raul will achieve his goals with lot of work and effort and the loans from EDAPROSPO (Field Partner) 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