Union Por El Progreso Group
Linda sells groceries such as rice, noodles, milk and cookies and runs her business out of her own home. She started a year ago and now has loyal customers and a growing business.
Linda has requested a loan to buy merchandise such as rice, noodles, milk and cookies for her store. Her dream is to become a wholesale dealer one day.
Linda has a common-law husband and a son. Thanks to her efforts and dedication, Linda has been able to increase her income and has bought land, and is giving her family a better quality of life. Linda is very happy with this loan and grateful to Edaprospo and Kiva.
Linda se dedica a la venta de abarrotes es decir arroz, fideos, leche, galletas , el negocio esta ubicado en su casa y es propio, Linda inicia este negocio hace un año, con el tiempo cuenta con clientes fidelizados y su negocio sigue creciendo.
Linda ha solicitado el préstamo para comprar mercaderia arroz, fideos, leche, galletas, para implementar su negocio . Su sueño es un día ser mayorista.
Linda es conviviente y tiene 1 hijo. Gracias a su esfuerzo y dedicación, Linda ha logrado mejores ingresos económicos, se ha comprado un terreno y su familia cuenta con una mejor calidad de vida. Linda está muy contenta con este préstamo y agradece a Edaprospo y a Kiva.
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