El Grupo Dinamico Group
Mr. Jorge Augusto works for a taxi service, it is his only source of income which is why he dedicates most of his day to his work, to be able to take home enough money to meet the household expenses and that of his 4 children. Mr. Jorge Augusto has worked as a taxi driver for over 20 years and thanks to his job he has been able to provide enough to give his children a higher education.
The loan will be used make maintenance repairs to his vehicle so that it will be in optimal condition to carry out his job.
El sr. Jorge Augusto, se dedica a prestar servicio de taxi, es su único ingreso por lo que debe dedicarle la mayor parte del día, para poder llevar a su hogar el dinero para los gastos de la casa y de sus 4 hijos. Realiza ésta actividad desde hace 20 añoñs y gracias a su trabajo ha logrado darle estudios superiores a sus hijos.
El préstamo recibido lo invirtió en el pago de mantenimiento de su vehículo, para que quede en óptimas condiciones para realizar su trabajo.
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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