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Mi Progreso Group
In this Group: Antonia, Carmen Rosa, Elga Linter, Margarita, Norma Elena, Rosa Francisca, Maria Del Pilar, Sheila Elizabeth, Nelly Doris, Diana Carolina
M. A. Norma Elena is president of the Alcancía Comunal Mi Progreso. In the morning she serves the bar while also preparing the takeout menu which she sells from the entryway of her home. The menu includes delicious plates such as ceviche, stuffed potatoes and fried liver. In the afternoon she prepares her very rich "cachangas" [a desert that is commonly maD. of flour and wheat] that she serves with coffee. Norma is 46 years old and is married to Mr Beder Villanes. They have six children, three of whom are independent, and three of whom she and her husband support with their studies. They live in the Carabayllo district in Lima, Peru. Norma has said she is very appreciative of EDAPROSPO as they loans she has received from them enabled her to educate her older children who are now professionals.

The Alcancía Comunal has provided loans for 10 members during this second cycle of the second phase in the amount of S/ 9,900.00. Each client is dedicated to various activities such as food, beauty products, handicrafts, clothing sales, artisanal products. When one of the members is ill or suffering from an accident they come together in solidarity and proviD. support in barbeucing chicken, etc, so that they do not fail in paying back the loan. They are united, responsible, punctual and the money loaned to them will be invested in purchasing merchandise to attract attention for their businesses and foster customer loyalty.
View original language description ↓
M. A. NORMA ELENA
Es la presidenta D. la Alcancía Comunal Mi Progreso, en las mañanas atienD. en su chingana mientras prepara el menú para salir a vender en la puerta D. su casa los deliciosos platos D. ceviche, papa rellena, hígado frito entre otros , luego en la tarD. se prepara para vender sus riquísimas cachangas con café, Norma tiene 46 años D. edad es casada con el Sr. Beder Villanes, tiene 6 hijos, 3 son independientes, y a 3 apoya en sus estudios con la ayuda D. su esposo, vive en calle 9 D. octubre # 222 A Villa Esperanza distrito D. Carabayllo – Lima, Norma menciona que esta muy agradecida con EDAPROSPO porque con los prestamos que le brinda a podido educar a sus hijos que hoy en dia son profesionales.

La Alcancía Comunal ha desembolsado con 10 clientes esta en el 2do ciclo D. la 2da fase el monto desembolsado es S/ 9,900.00 cada cliente se dedica a las diferentes actividades las cuales son. Comida, productos D. belleza, manualidades, vta D. ropa, artesanía, etc. Cuando uno D. los integrantes esta enfermo o sufre algún accidente todos se solidarizan y apoyan haciendo parrilladas, polladas etc , para que no falle en el pago del préstamo, son unidos, responsables, puntuales, el dinero lo van a invertir en la compra D. mercadería para brindarles mejor atención y fidelizar a sus clientes.

Additional Information

About EDAPROSPO

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.

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.

About Peru

  • $6,715
    Average annual income
  • 54
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Progreso Group's $3,275 loan helped a member purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2009
Listed
Jul 17, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009