Trabajando Para El Futuro Group
Georgina has worked for the last 16 years selling groceries and condiments at wholesale. This business arose because she wanted to help her parents have a better quality of life since she has no children. She got some capital and invested in groceries and in time her business grew and she started to sell condiments at wholesale (ground chili, ground garlic, powdered pepper, etc.). She became very well known in time and now she has a large clientele. Thanks to her efforts and dedication she’s managed to earn higher income, has built her house and her family has a better quality of life.
With the goal of continuing to grow, she’s asking for a new loan to buy merchandise, groceries, milk, noodles, rice, etc. Edaprospo believes that Georgina will reach her goals with much work and effort and that Edaprospo loans will help her.
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