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Don Bosco Group
In this Group: Maura, Mirian Blanca, Celina, Susi Alejandrina, Justo, Yene Cristina, Zenon Zosimo, Margarita, Paulina, Maria Antonia
Don Bosco - A small community bank made up of ten people, all of whom work in the retail industry. The members have worked with EDAPROSPO – PROSPERIDAD for three and a half years. The have invested the loans that they have received during this time in their own businesses with different objectives. Mirian Blanca C. A., who is group president, has a small farm in the town of Vicas (Huarochiri), land that was given to her by her mother. She cultivates crops according to the season, such as: alfalfa, corn, broad beans, potatoes and peas. With this business she has looked after her family and sent her children to college; she has faced this responsibility alone since ending her relationship with her husband.


During this time she worked to save some money that she invested in the acquisition of a salchipapas (fast food usually made of sausage and French fries) cart. With her first loan she bought some merchandise for her business, and with the income she earned, she was able to finish her repayments, which in turn meant that she could continue educating her two youngest children at college.


Miriam intends to continue investing the loan that she recently obtained in her salchipapas, hamburger and roast chicken business. In the future she intends to buy a cow with the capital she will receive, which will mean greater income for her family in the future.

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DON BOSCO

Alcancía comunal conformada por diez personas, todos ellos se dedican al comercio minorista. Desde hace tres años y medio sus integrantes trabajan con EDAPROSPO - PROSPERIDAD, con los préstamos que recibieron durante este tiempo, lo invirtieron en su negocio cada uno con objetivos distintos. Mirian Blanca C. A. quien es presidenta del grupo tiene una pequeña chacra en el pueblo de Vicas (Huarochiri), tierra que fue donada por su madre. Ella cultiva tubérculos de acuerdo a la temporada como son: alfalfa, choclo, habas, papas y arvejas; con este negocio mantuvo a su familia, educó a sus hijos en el colegio, dado que sola afrontó con esta responsabilidad después de haber terminado la relación con su esposo.
Durante ese tiempo que trabajó ahorró un capital que invirtió en la adquisición de un carrito salchipapero; con el primer préstamo que obtuvo compró mercadería para su negocio, y con los ingresos que obtuvo pudo terminar de pagar esta inversión, así mismo le permitió seguir educando a sus dos menores hijos en el colegio.
Miriam piensa seguir invirtiendo con el reciente préstamo que obtuvo en el negocio de las salchipapas, hamburguesas, pollo broaster. Lo que piensa hacer más adelante es comprar una res con el capital que recibirá, lo que a futuro tendrá mayores ingresos para su familia.

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
  • 53
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Don Bosco Group's $4,000 loan helped a member to buy supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2009
Listed
Jul 31, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010