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Mi Progreso Group
In this Group: Antonia , Carmen Rosa*, Elga Linter, Margarita, Norma Elena, Rosa, Maria Del Pilar, Nelly Doris, Diana Carolina, Luz Mercedes
* not pictured
ANTONIA T. V. is 46, married, and has 5 adult children. She is a member of the "Mi Progreso" group. She and the other 9 members live in the area of Carabayllo. Señora Antonia has had a motorcycle rickshaw service for 8 months. Everything started when she acquired her vehicle so her youngest son could use it to work. When he had the opportunity to drive a taxi, she knew that keeping the motorcycle put away wouldn't generate any income. She decided to learn how to drive it. She started the process to earn her license, and this is how she started to work. She also offers school service at noon. With her income, she covers part of a car payment that she obtained on credit along with her husband to have the taxi service. The loan she is requesting will go towards the purchase of parts for her car and tires for the motorcycle rickshaw.
View original language description ↓
ANTONIA T. V., tiene 46 años, es casada y tiene 5 hijos mayores de edad. Ella integra el grupo “Mi Progreso”, y al igual que los otros 9 integrantes residen en la zona de Carabayllo.
La Sra. Antonia, hace 8 meses, se dedica a prestar servicio de mototaxi. Todo empezó cuando adquirió el vehículo que sería para que lo trabaje su hijo menor, pero se le presentó la oportunidad de hacer taxi en auto, por lo que ella al ver la moto guardada y que no generaba ingresos, se propuso aprender a manejarla, inició los trámites para sacar su brevete y es así que empezó a trabajar, y también hace servicio escolar al medio día.
Con sus ingresos, cubre parte del pago de un auto que sacó a crédito junto con su esposo para que hiciera servicio de taxi.
El préstamo solicitado lo destinará a la compra de repuestos para el carro y llantas para la mototaxi.

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
  • 122
    View loans »
    Peru Loans Fundraising
  • $55,279,750
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Progreso Group's $3,700 loan helped a member purchase of car and motorcycle rickshaw parkts.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 26, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010