Check out some available loans that are similar to this one!
Dos De Mayo Group
In this Group: Iliana Ingrid , Ines, Jesly Carina, Iris Patricia, Marisol Graciela, Francisca , Jessendra, Aurora, Glenda, Alda
The communal bank "Dos de Mayo" (Second of May) was founded on July 13th, 2009. The bank members live in Yarinacocha, a small town next to the city of Pucallpa. This will be their first loan from Kiva partner Manuela Ramos. Ynes V. L. is the official president of "Dos de Mayo" and has a business selling soft drinks and fruit.



This communal bank has 10 members (the extra person in the photograph, second from the left in the top row, is not a member; she attended the meeting together with her daughter, who is a member). The members of "Dos de Mayo" are requesting a total loan of 2800 Nuevos Soles; each member will invest her share in her respective business. The women dedicate themselves to selling the following different items: candies, charcoal, cooked food, fruit, hot dogs and French fries, fish, soft drinks, cheese, and basic grocery goods.



The members of "Dos de Mayo" are grateful to Manuela Ramos for their loan and are pleased that the organization has confidence in them. They are dedicated to furthering their businesses and making their loan payments responsibly and on time.

Additional Information

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
  • 74
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Dos De Mayo Group's $950 loan helped a member goods for respective businesses of the communal bank members.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2009
Listed
Jul 29, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2009