Grupo Solidario Los Olivos Group
Patricio is one of the members of the group Solidario Los Olivos. Mr. Patricio is 53 years old, lives with his wife and three daughters.
He works providing public taxi services on his motorcycle, a popular means of transportation in this country. He learned this trade thanks to his brother. He started by renting a motorcycle, but after paying for the rental there was too little left for him for his job. Saving little by little, he was able to buy his own motorcycle. Now that he owns it, his income has improved.
He works everyday from very early on until very late with the only goal of providing for his family and giving them the best.
Patricio has asked for a loan to repair his motorcycle and to do maintenance in order to continue his work without worry. In the future, he would like to buy another motorcycle and finish building his house for his family’s peace of mind.
Patricio appears in the picture wearing a red and blue vest.
El Sr. Patricio tiene 53 años, vive con su esposa y sus 03 hijas. El trabaja brindando servicio de transporte público con una moto taxi, medio de transporte muy usado en el país, fue gracias a su hermano que aprendió a trabajar en este oficio. Patricio empezó alquilando una moto taxi pero al tener que pagar el alquiler, era poco lo que percibía por su trabajo; ahorrando poco a poco logro comprarse su propia moto, ahora que es propietario sus ingresos han mejorado. El trabaja todos los días desde muy temprano hasta muy tarde, con el único fin de sustentar a su familia y darle lo mejor. Patricio ha solicitado su préstamo para reparar su moto y darle mantenimiento para así poder trabajar con tranquilidad, en el futuro le gustaría comprarse otra moto y terminar la construcción de su casa para tranquilidad de su familia.
Patricio aparece en la foto con chaleco color rojo y azul.
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