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Sarita Colonia Ded Progreso Group
In this Group: Hilda Marisela, Mercedes, Melba Elena, Susana, Martha, Juliana, Alejandrina Felicitas, Maria Margarita, Aylala Quispe, Angelica Olivia
Martha is 54 years old and has 7 older children. She has been part of the “Sarita Colonia del Progreso” group for the past three and a half years, and currently is serving as the group’s president. Martha and the other nine group members have obtained loans to build their businesses.
Martha sells sweets in a space in her house. She started this business seven years ago with very little, and little by little with great effort, work, and savings she has increased her merchandise. Through her work, she has been able to contribute financially to house improvements, and also helps her two younger children with their university education expenses.
In the future she would like to start a plastic sealing company.
The loan that she has requested will be used to invest in her small neighborhood store.
View original language description ↓
MARTHA, TIENE 54 AÑOS D. EDAD, TIENE 7 HIJOS YA ADULTOS. HACE TRES AÑOS Y MEDIO QUE FORMA PARTE DEL GRUPO "SARITA COLONIA DEL PROGRESO", ACTUALMENTE ES LA PRESIDENTA Y JUNTO CON NUEVE INTEGRANTES MAS OBTIENEN LOS CRÉDITOS PARA AUMENTAR SUS NEGOCIOS.
MARTHA SE DEDICA A LA VENTA D. GOLOSINAS, EN UN ESPACIO D. SU CASA, HACE SIETE AÑOS COMENZÓ CON MUY POQUITO Y POCO A POCO EN BASE A ESFUERZO, TRABAJO Y AHORRO HA IDO AUMENTANDO SU MERCADERÍA.
CON SU TRABAJO, HA PODIDO COLABORAR ECONÓMICAMENTE EN LAS MEJORAS D. SU CASA Y AYUDA EN LA EDUCACIÓN UNIVERSITARIA D. UNO D. SUS HIJOS MENORES.
LE GUSTARÍA MAS ADELANTE EMPRENDER UNA EMPRESA D. SELLADO D. PLASTICO.
ELPRESTAMO SOLICITADO LO UTILIZARÁ PARA INVERTIR EN SU BODEGA.

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
  • $56,783,425
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarita Colonia Ded Progreso Group's $2,950 loan helped a member to invest in merchandise for her small neighborhood store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2009
Listed
Dec 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010