Grupo Unido Group
Jhon Michael has been making his living for three years by providing transport service via a small vehicle that we call a "mototaxi" in Peru. This is used to take him to nearby places. Thanks to this activity he can support his parents with the expenses of the home and save in order to further his studies.
The received loan will be invested in the maintenance of the mototaxi and in the updating of documents.
Él forma parte del grupo de nombre "Grupo Unido" formado por seis integrantes, cada uno de ellos dedicados a una actividad comercial, socios que han demostrado responsabilidad y compromiso con su grupo.
Jhon Michael, se dedica desde hace tres años a prestar servicio de transporte mediante un vehículo menor que en el Perú le denominamos mototaxi, el cual sirve para trasladarse a zonas cercanas. Gracias a ésta actividad él puede apoyar a sus padres con los gastos de la casa y así juntar para mas adelante estudiar.
El préstamo recibido lo invertirá en el mantenimiento de la mototaxi, en la regularización de documentos.
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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