San Martin De Porres Group
Maria del Rosario started a food business five years ago and works it daily. She makes the food at her home and then delivers it to her customers’ homes or gets in touch with laborers and construction workers and takes food to them.
Her business has been growing little by little and it helps her pay her family expenses.
She will use the money from this loan to buy ingredients for her food. This will allow her to buy them at bulk prices, so it will cost her less and she can increase her income.
María del Rosario, hace cinco años inició su negocio de venta de comida, el cual realiza todos los días, prepara sus alimentos en su casa y luego lo reparte a domicilio o de lo contrario se contacta con trabajadores de obras y construcciones y les lleva la comida.
Su negocio va creciendo poco a poco y le ayuda a solventar los gastos familiares.
El préstamo recibido lo invertirá en la compra de insumos para la preparación de sus alimentos, estos insumos los podrá comprar a precio por mayor para que le cueste menos y así pueda obtener mayor ganancia.
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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