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Minka Group
In this Group: Valeriana, Gladys Ines, Deyssy, Victoria, Teofila Eusebia*, Nora Anita, Bertha Beatriz, Maria Rosa, Beatriz Janet*, Gloria Maria
* not pictured
“Need is like a barrier that makes you bigger after you've jumped over it" is the phrase Gloria uses as she tells her story. When the company she worked for closed in 1991, she had no choice but to look for another source of income to proviD. economic stability for her family. With a young child at home, her husband's income was not sufficient to cover their expenses.

Gloria opened a business in the home of her mother, who supported her in this initiative. At first she simply sold items through the window. Ice cream treats were her first products, stored in Styrofoam coolers with dry ice because she had no freezer. Later, she was able to offer a wider range of items, and she converted the siD. area of her house into a small grocery store.

Gloria also received training in pastry making, with the dream of someday turning her business into a "Panadería & Pastelería Fina," a bakery offering high-quality bread, cakes and pastries. Currently, in addition to working in her shop, she offers custom-maD. cakes for all types of events: 15th-birthday celebrations, weddings, etc. She also provides advisory services to help people order buffet food and other needed items. This is her true passion, and she hopes one day to fulfill it, "but in the end, above all, it's a question of effort, right?" she says, concluding the interview with the smile of someone who knows that a dream combined with action can become reality.

View original language description ↓

“La necesidad es una valla que al ser saltada te hace más granD.” es la frase que usó la Sra. Gloria al contar su historia. Cuando la empresa en la que ella trabajaba cerró allá por el año 1991, no le quedó más remedio que buscar otra fuente D. ingresos que asegure la estabilidad económica D. su familia, ya que teniendo un niño pequeño los ingresos D. su esposo no eran los suficientes para cubrir con los gastos.
Abrió un negocio en casa D. su madre, quien la apoyó con esta iniciativa, primero vendía a través D. su ventana. Helados conservados en cajas D. teknopor y hielo seco a falta D. congeladora eran sus primeros productos, luego logró surtirse D. diversos productos y acondicionar la parte lateral D. su domicilio para una bodega.
La Sra. Gloria se capacitó en pastelería con el sueño D. un día convertir su negocio en una “Panadería & Pastelería Fina” y es que además D. atender en su bodega brinda los servicios D. elaboración D. tortas para todo tipo D. eventos: Quince años, Matrimonios, etc. DonD. también brinda asesoría para la contratación D. bufetes y demás accesorios. Esta es su verdadera pasión y espera algún día hacerla realidad “pero al fin y al cabo es cuestión D. esfuerzo ¿no?” termina la entrevista con una sonrisa D. quien sabe que un sueño con acción se convierte en realidad.

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
  • 108
    View loans »
    Peru Loans Fundraising
  • $56,100,525
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Minka Group's $3,650 loan helped a member pURCHASE OF MERCHANDISE: SNACKS, TOILET TISSUE, AND GENERAL GROCERY ITEMS TO STOCK HER STORE.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010