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Honestidad,progreso Y Lealtad (Honesty, Progress And Loyalty) Group
In this Group: Raquel Myriam, Gloria Haydee, Esther Elizabeth, Angelica Norma*, Alejandrina Victoria, Marianela, Julia Consuelo, Lucy Consuelo, Ana Velia, Renee Alberta
* not pictured
Raquel Myriam M. P. is 48 years old and has 3 children. For the past five years, she has been a member of the "HONESTIDAD,PROGRESO Y LEALTAD" (Honesty, Progress and Loyalty) group, together with 9 other members.

Raquel's business is selling shoes, for which she travels every two weeks to the northern part of the country. She began thanks to an invitation from a friend, which inspired her to travel and invest in this business, seeing that she could quickly place her merchandise among family members and friends.

Thanks to this business, she has been able to provide an education to her children, pay for pre-university training for one of them, and also purchase a house.

With the loan she is requesting, she will buy shoes to fulfill her Christmas orders.
View original language description ↓
RAQUEL MYRIAM M. P., TIENE 48 AÑOS DE EDAD, TIENE 3 HIJOS, ELLA INTEGRA HACE CINCO AÑOS EL GRUPO "HONESTIDAD,PROGRESO Y LEALTAD" JUNTO A 9 INTEGRANTES MAS.
LA SRA. RAQUEL SE DEDICA A LA VENTA DE CALZADO, PARA LO CUAL VIAJE QUINCENALMENTE AL NORTE DEL PAÍS.
ELLA INICIÓ GRACIAS A LA INVITACIÓN DE UNA AMIGA QUIEN LA ANIMÓ A VIAJAR Y A INVERTIR EN ÉSTE RUBRO,AL VER QUE PUDO COLOCAR SU MERCADERÍA RAPIDAMENTE ENTRE FAMILIARES Y AMIGOS.
GRACIAS A ÉSTE NEGOCIO, ELLA HA PODIDO DAR EDUCACIÓN A SUS HIJOS Y PAGAR LAPREPARACIÓN PRE UNIVERSITARIA DE UNO DE SUS HIJOS Y ADEMÁS COMPRARSE UNA CASA.
CON ELPRÉSTAMO SOLICITADO COMPRARÁ CALZADO PARA CUMPLIR CON LOS PEDIDOS DE LA CAMPAÑA NAVIDEÑA.

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
  • 114
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Honestidad,progreso Y Lealtad (Honesty, Progress And Loyalty) Group's $3,525 loan helped a member investing in merchandise for her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2009
Listed
Dec 15, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010