El Valle Renace Group
Mercedes sells diverse products. She sells food like cheese and trout. She also sells clothing and accessories by order. She started by selling sweets in an itinerant manner. Little by little she was investing and trying to have and sell the products that were requested.
One of her goals and the motivation for her hard work is to be able to cover her children’s educational expenses. She wants to give them the opportunity to have a profession.
She will use the requested loan to buy merchandise and to cover cheese orders.
Mercedes se dedica a la venta D. diversos productos, ya sean comestibles como quesos, trucha y otros, como también a la venta D. prendas D. vestir y accesorios a pedido. Inició con la venta D. productos golosinarios D. forma ambulatoria, poco a poco fue invirtiendo y tratando D. ofrecer y contar con los productos que le solicitaban.
Una D. sus metas y motivo por el cual se esfuerza mucho en su trabajo es poder cubrir los gastos D. estudios D. sus hijos para ofrecerles la oportunidad D. tener una profesión.
El préstamo solicitado lo invertirá en compra D. mercadería y cubrir pedido D. quesos.
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