En Busca Del Progreso Group
En Busca Del Progreso Group’s story
Samuel is 34 years old, single and has no children. He is a member of the “En Busca del Progreso” group, made up of five members. It is a united group, responsible with their payments and compromises.
Six years ago he started as a helper building small wood houses. He worked a lot and learned and little by little he managed to become independent and now he has his own workshop.
He likes his work a lot as he can help a lot of people providing rooms or small prefabricated houses that are much more economical than building a house with more solid materials.
He will invest the loan he received in the purchase of materials like wood and a circular saw that he needs in his shop.
In this group: Almagro, Sigma, Yda Modesta, Armandina, Samuel
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EDAPROSPO 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.
A portion of En Busca Del Progreso Group’s $1,800 loan helps a member to invest in wood and materials for prefabicated houses.