Nuevo Horizonte Group
Vilma Macedonia has been selling clothes to her friends and family for three years. She started this business by selling stockings and underwear. Little by little she was increasing her merchandise while she increased her sales. Thanks to her work she is able to cover her children’s educational expenses.
One of her aspirations is to set up a bazaar in a commercial zone.
She will use the loan to buy merchandise like women’s and children’s clothing for her business and to take advantage of the season of the National Holidays.
La Sra. Vilma Macedonia se dedica desde hace tres años a la venta de ropa el cual ofrece a sus amigos y familiares. Ella inició éste negocio vendiendo medias y ropa interior. Poco a poco fue incrementando su mercadería y a la vez aumentó sus ganancias. Gracias a su trabajo puede cubrir los gastos de estudios de sus hijos. Uno de sus anhelos es poner un bazar en una zona comercial.
El préstamo recibido lo invertirá en la compra de mercadería como ropa para damas y niños para implementar su negocio y aprovechar la temporada de fiestas patrias.
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