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Corcona Corazon Group
In this Group: Nelly Valentina, Leonardo David*, Grace , Arsenia Aydee, Mirtha Raquel*, Olga Albina, Libia Crescencia, Emiliana, Hilda Victoria, Sara
* not pictured
CORCONA CORAZÓN:

This group was formed in May 2005. Since that time, the ten members have received loans that have helped to improve their businesses, with the goal of improving their quality of life.

The group’s treasurer, Grace R. A., decided four years ago to start selling groceries from her home. She did this with money that her husband gave her. She saved it up to buy two sacks of rice, 1 sack of sugar, 1 case of cooking oil, 1 case of canned food, and 1 package of noodles to start a grocery store. She has had some ups and downs with this business, but Grace’s administrative skills caused her business to grow. Because of this she was able to improve her house, finish educating her children in school, and get her oldest son started in a technical degree program. Grace and her husband decided to invest in a vehicle that they rent out so that they can continue to generate additional income. They were able to do this with loans that they obtained from EDAPROSPO – PROSPERIDAD plus her husband’s income as a driver and the income from the store. Her goal is to continue educating her youngest child, who is four years old. She also wants to build a future for her old age, since she doesn’t have a pension. She needs the loan to continue running and improving her store.

Arsenia R. C. D. Orozco is 58 years old and the mother of eight children, 3 of whom are still dependant on her. Her husband’s income as a locksmith wasn’t enough, so she decided to sell cookies, sweets, soft drinks, and sandwiches from a rented kiosk, with the goal of covering expenses for her large family. She also prepared tamales at home on the weekends, which also provided her with some small income. She quit selling for a while due to an illness of her youngest son, who has Down syndrome. She is now selling again but now she sells beer, which has been profitable so far. She wants to invest part of her loan in buying more beer and she’ll use the remainder to buy a display case and glasses, because she wants to eventually open the kiosk again and continue supporting her family.

Libia Orozco R. is a street vendor of fruits, soft drinks, fruit drinks, and sandwiches that she prepares at home. She puts her products in a basket and offers them to passers-by and tourists that park for a few minutes at the toll gate in Corcona before continuing their trip through central Peru. She invests part of her earnings in tuition for her oldest son, who is studying heavy equipment maintenance, and the rest in food for her children. She needs the loan to invest in her business.
View original language description ↓
CORCONA CORAZÓN:

Este grupo se formó en mayo año 2005, durante este tiempo los diez integrantes han recibido créditos que han ayudado a mejorar su negocio con la finalidad D. mejorar su calidad D. vida.

Es así que la tesorera del grupo Grace R. A. decidió vender hace cuatro años abarrotes en un espacio D. su casa, esto lo hizo con el dinero que le daba su esposo lo cual lo estaba ahorrando para comprar dos sacos D. arroz, 1 saco D. azúcar, 1 caja D. aceite, 1 caja D. conserva y 1 paquetes D. fideos para el comienzo D. una tienda D. abarrotes. Tuvo algunos altibajos este negocio; pero la administración que supo dar Grace hizo crecer su negocio, resultado D. ello pudo mejorar su vivienda, terminar D. educar a sus hijos en la escuela, y empezar a darle una carrera técnica a su hijo mayor.
No conforme con ello Grace y su esposo, deciden invertir en un vehículo que actualmente lo alquilan para así seguir generando ganancias adicionales, esto se dio con los préstamos que obtuvo con EDAPROSPO – PROSPERIDAD más los ingresos D. su esposo como chofer y los D. la tienda. Su propósito es continuar D. educar a su último hijo D. cuatro años; además forjar un futuro para su vejez, dado que Grace no cuenta con una jubilación; es por ello que necesita el préstamo para seguir implementando más su tienda.


Arsenia R. C. D. O. tiene 58 años, madre D. ocho hijos, 3 aún dependen D. ella, al ver que no abastecían los ingresos que le daba su esposo como cerrajero; es que toma la decisión D. vender galletas, golosinas, gaseosas, sándwiches en un kiosco que alquiló, a fin D. cubrir los gastos D. la familia numerosa. Asimismo preparaba en casa tamales los fines D. semana; lo que también tuvo pequeñas ganancias Por un tiempo dejó D. vender debido a la recaída D. su último hijo con síndrome D. down, retomando poco tiempo en el negocio pero ahora D. cervezas, ventas que hasta momento ha sido rentable.
Necesita el préstamo invertir una parte en cerveza y la diferencia comprar una vitrina y vasos, porque posteriormente quiere volver abrir el kiosco y seguir apoyando a su familia.

Libia O. R. venD. D. manera ambulatoria frutas, gaseosas, refrescos, sándwiches que ella misma prepara en casa, sus productos los coloca en una cesta y los ofrece a los pasajeros y turistas que se estacionan por unos minutos en el control (peaje) D. Corcona, para continuar luego su camino por el centro del Perú. Las ventas D. estos productos lo invierte una parte en la carrera superior a su mayor hijo que estudia mantenimiento D. máquinas pesadas y el resto del crédito en la alimentación para sus hijos. El crédito que necesita es para invertir en su negocio.

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
  • 45
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Corcona Corazon Group's $2,450 loan helped a member to buy ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2009
Listed
Oct 7, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010