Mi nombre es salomon, vivo en la localidad de punta de bombon junto a mi pareja. me dedico al servicio de transporte. Solicito el micro crédito para poder hace…
Loan amount €280
by 5 members
Disbursement date: 03/01/2017
Final repayment of the loan: 03/01/2018
|MicroWorld's investors have funded:||€280|
Salomon - Improve services
Mi nombre es salomon, vivo en la localidad de punta de bombon junto a mi pareja. me dedico al servicio de transporte. Solicito el micro crédito para poder hacer mantenimiento a mototaxi y comprar repuestos. En el futuro, espero poder mejorar el servicio y tener estabilidad económica.
Economic and social context
|Population||29 164 883|
|GNI per capita||4 150 USD|
|Poverty rate (less than 2 USD/ day)||17,8% (in 2007)|
|Literacy rate (above 15 years of age)||90%|
|Life expectancy||73 years|
Rates and transparency
- This loan is at 0% and does not pay any interest to the lender.
- The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
- 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
- The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
- The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
- More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.
- Read the model of loan agreement
Fondesurco, an NGO, was established fifteen years ago following a pilot microcredit program initiated by a set of four NGOs operating in the southern region of the country. The project began with group loans that followed the Grameen Bank methodology.
The MFI has developed the majority of its business in the province of Arequipa, supporting agricultural activities in the Andean highlands, and is trying to deepen its presence in this region by offering services to the most remote villages.
|Number of Borrowers||11,040|
|PAR (Portfolio at Risk)||0.47%|
|R.O.A (Return on Assets)||0.11%|
|Average loan /GNI per capita||34%|
|% of female borrowers||59%|
|Saving accounts opened||No (legal status)|
|Collaterals required||Not mandatory|
|Loans for social purposes||Education|