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Sol Radiante De Huaycan Group
In this Group: Gloria Maria, Demetria, Yocelina*, Mercy Marilu, Rosario, Lidia Yolanda, Erlinda, Faustina Eugenia, Hermelinda Isabel, Esmeralda Violeta, Eva Elvira
* not pictured

The community organization, "Sol Radiante de Huaycán” is made up of 11 enterprising partners, who live in Huaycán, in the Ate district (department of Lima). They work with EDAPROSPO, thriving for 1.5 years to date.



51 year old Faustina Eugenia is in charge of the treasury. She is a single mother with 3 children, whose livelihood is that of clothing sales, which she has been doing on the street for 3 years now. By putting forth this effort on a daily basis, Faustina is able to cover the costs of services, food & education for her children. The loan she recently received will be used for the purchase of merchandise, so that she can meet her customers' demand during this holiday season.

View original language description ↓
La alcancía comunal “Sol Radiante de Huaycán” está conformado por 11 socios emprendedores, quienes viven en la zona de Huaycán, distrito de Ate, departamento de Lima, trabajan con EDAPROSPO – prosperidad desde hace un año y 6 meses.
Faustina Eugenia asume el cargo de tesorera tiene 51 años, es madre soltera y con 3 hijos, se dedica a la venta de ropas en forma ambulatoria desde hace 3 años, con el esfuerzo de su labor diaria Faustina cubre los gastos de servicios, alimentación y educación de sus hijos, el reciente préstamo obtenido lo utilizará en la compra de mercadería, para así poder satisfacer la demanda de clientes en esta 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
  • 75
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Radiante De Huaycan Group's $3,525 loan helped a member purchase of merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2009
Listed
Dec 17, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010