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El Eden Group
In this Group: Vilma Anita, Maritza, Candelaria, Juan Miguel, Luz Isolina, Marita, Tomas, Juana, Elizabeth
The Communal Bank “El Eden” consists of nine members who are beginning their sixth loan cycle. They are all hard workers who look for any opportunity to get ahead. Already, through their daily efforts, the members have been able to proviD. a better future for their children. They engage in different businesses selling vegetables, groceries, prepared foods, and candy. Others proviD. services such as motorcycle transport and tailoring.


Juana is the group president. She has been selling vegetables and spices at the market for a number of years. She is married and has two children, which is why she has to work. Her main objective is to improve her financial situation. Her loan will be used to buy products to help increase her earnings.


As the group treasurer, Juan has demonstrated responsibility within the Communal Bank and also with his family. He has worked as an electrician for 15 years, and his business helps to pay for his household expenses. At the moment, his business income is not enough. Since the school year has started, he and his wife have opened a bookstore to help improve their finances at home.


Candelaria is a group member who has been selling candy at home for the past year. This type of work is well-suited for someone who is a bit older. She also has the help of her four dependent children. They are proud of the fact that their work has helped them to move forward.


The members are grateful for this loan and promise to complete their payments on time.

View original language description ↓
EL EDEN

LA Alcancía Comunal “EL EDEN” está formado por 9 socios, que cursan su sexto ciclo, todos son trabajadores y buscan cualquier circunstancias para salir adelante ya que con su esfuerzo diario pueden brindar un futuro mejor a sus hijos.
Los socios realizan diferentes negocios como la venta D. verduras, comestibles, comida, golosinas y otros socios brindan servicios D. mototaxi y costura.
La presidenta del grupo es Juana, ella se dedica a la venta D. verduras y especerías en el mercado hace varios años, es casada y tiene dos hijos por las cuales tiene que trabajar ya que su objetivo es la mejora D. su situación económica, el crédito recibido lo invertirá en comprar productos para mejorar sus ganancias.
Como tesorero Juan es una persona responsable en el grupo así como también con su familia, él es electricista hace 15 años negocio que le ha ayudado a aportar con los gastos en casa. Eso para el no es suficiente así que en esta época escolar abrió una librería juntamente con su esposa, esto le permitirá mejorar la economía en su casa.
Nuestra socia Candelaria se dedica a la venta D. golosinas en su casa hace 1 año, este tipo D. trabajo la favorece ya que es una persona D. avanzada edad, además cuenta con la ayuda D. sus 4 hijos que están pendientes D. ella. Ellos están orgullosos ya que mediante este trabajo pudieron salir adelante.
Los socios agradecen el préstamo y se comprometen a cumplir con el pago en los plazos establecidos.

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

  • $12,000
    Average annual income
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Eden Group's $1,475 loan helped a member purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2010
Listed
Feb 26, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010