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Paz Y Progreso Group
In this Group: Teodora, Rosa Pilar, Fausta Beatriz, Judid Magaly, Zara, Estela, Ines Eulogia, Guadalupe, Vicenta, Margarita Yolanda*, Miguel, Eusebia*
* not pictured
Señora Inés C., an enthusiastic and enterprising worker, is 49 years old, married with three children. Currently, she is taking on the position of president of the “Paz y Progreso” (Peace and Progress) community bank.

She has been working with EDAPROSPO – Prosperidad for 5 years. Her community bank is maD. up of 12 members who engage in different business like production, trading, and services.

Inés met her husband in a shoe repair shop where they both worked. They fell in love, got married, and decided to open their own business, with the name “Enciso”. They both work there and have been involved in the repair, making, and sale of footwear for more than 10 years. In order to add to the household income, Inés has also worked at providing house cleaning services for 4 years.

This loan will be invested in the purchase of materials for her shoe repair business, such as glue, molds, leather, soles, nails, etc. In the future, Inés would very much like to be an exporter of footwear and also to have a grocery store in her house.
View original language description ↓
La señora Inés C. trabajadora, entusiasta y emprendedora tiene 49 años D. edad y casada con 3 hijos. Actualmente asume el cargo D. presidenta D. la alcancía comunal “Paz y Progreso”.
Viene trabajando con EDAPROSPO – Prosperidad desD. hace 5 años, su alcancía comunal esta integrada por 12 socios, quienes realizan diferentes actividades como: producción, comercio y servicio.
Inés se conoció con su esposo en una renovadora D. calzados ambos trabajaban ahí, se enamoraron, se casaron y decidieron abrir su propio negocio, con la denominación la renovadora “Enciso” en el cual ambos trabajan y se dedican a la renovación, confección y venta D. calzados desD. hace más D. 10 años y para incrementar los ingresos en el hogar Inés también trabaja prestando servicios D. limpieza D. hogar desD. hace 4 años.
Su reciente préstamo lo invertirá en comprar materiales para su renovadora como: pegamentos, hormas, cueros, suelas, clavos, etc.
Inés en el futuro le gustaría mucho ser exportadora D. calzado y también aperturar una bodega en casa.

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
  • 97
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Paz Y Progreso Group's $3,650 loan helped a member she will invest in purchasing materials for her shoe repair business such as glue, molds, leather, soles, nails, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2009
Listed
Oct 11, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010