Mujeres Rumbo Al Progreso Group
The beginnings of her business were not easy. She began selling at the gate of a high school on an itinerant basis with very few things to sell. Saving small sums she succeeded in opening a shop and also considered joining EDAPROSPO, which provided a lot of help through loans she was able to invest in inventory.
She has succeeded in having a bigger and better stocked store. She has also been able to help with the education of her children so that they are professionals. What she wants for the future is to maintain her shop and stock it with all that it needs. She will use her current loan to supply it with merchandise. For a year and a half Estela has been a member of the “MUJERES RUMBO AL PROGRESO “(Women Bound for Progress). She is the treasurer, and she and her colleagues try to make progress with their respective businesses.
Durante todo este tiempo ha logrado tener una bodega mas granD. y surtida, también ha podido ayudar en la educación D. sus hijos para que sean profesionales, lo que mas desea para el futuro es mantener su bodega y surtirla con todo, su actual préstamo lo usara abastecerse D. mercadería, Estela ya tiene 1 año y medio en el grupo “MUJERES RUMBO AL PROGRESO “es la tesorera y junto a sus compañeras tratan D. salir adelante en sus respectivos negocios.
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