Check out some available loans that are similar to this one!
Santa Rosa Group
In this Group: Jessica Leonidas, Larissa Marisela, Azucena Laura, Luis Alberto , Rodolfo Eusebio , Vilma Rebeca, Olga Iris , Rita Isabel, Crumaldina, Edi Amalia , Carmen Gladys *
* not pictured
The Santa Rosa Communal Bank is comprised of 11 people who have been members for one year and four months. During that time they have demonstrated responsibility and teamwork. Even though they each have different objectives, they are characterized as being tenacious people. We take this opportunity to get to know Amalia and Rebeca.

Amalia works helping her aunt in her business of renting clothes for social events like weddings, celebrating 15th birthdays, and promotions for schools, institutes and universities. She has done this for four years. During that time the business has changed a lot. In the beginning their merchandise consisted of 25 dresses and 30 suits. That was all they had. The effort that she put into this business, along with her aunt’s effort, made the business grow a bit. It was not easy to do because in this business the merchandise is updated every so often. We are talking about at least four months, depending on the style or the customer’s preferences. The loans that she received helped her to invest in the shoes and accessories that she needed. With this work Amalia helps her life partner with the family expenses. It is the responsibility that they both have to raise and educate their three children. The children are 14, 13, and 11. They go to school. Currently, her merchandise has risen to 250 outfits for men, women, and children and 40 pairs of shoes. School season is approaching, and Amalia needs to register her children and buy them school uniforms and school supplies. At times she does not have enough money. That is why she now needs the loan to buy school supplies with half of the loan. She will use the rest of the money to buy short dresses that correspond to the season we are in (summer).

Rebeca has also been involved in the business of renting outfits. She has done this for one and a half years. She is 32 years old, and she is the single mother of a seven year old daughter. This was her motivation for deciding to work this way. First she started selling food in a stand close to a market. She only did that for a year. She had to close because the income generated did not cover their necessities. Her current business of renting clothes is better for her. Of course, she has had some ups and downs, but the service Rebeca gives her customers has helped her keep her business. She improved and developed it until she had 300 outfits, 140 pairs of shoes, and purses. When she started she had 20 outfits and 15 pairs of shoes. She did it with the earnings she obtained and the loan she got. She will keep investing in merchandise in order to rent another stand. Rebeca’s objective is to give her little girl the best.
View original language description ↓
SANTA ROSA es una alcancía comunal de once personas quienes integran desde hace un año y cuatro meses, tiempo que han demostrado responsabilidad, solidaridad entre ellos. Aunque cada uno tiene objetivos distintos se caracterizan por ser personas muy luchadoras, conozcamos en esta oportunidad a Amalia y Rebeca.

Amalia trabaja ayudando a su tía en el negocio de alquiler de vestido para compromisos sociales como matrimonio, quince años, promoción de colegio, instituto y universidades, lo hace cuatro años, durante el tiempo transcurrido el negocio ha cambiado mucho al principio contaba con una mercadería de veinticincos vestidos y treinta ternos era todo lo que tenía. El empeño que puso en este negocio conjunto con su tía hicieron que creciera de a poquito, no fue sencillo lograrlo porque en este negocio la mercadería se renueva cada cierto tiempo hablamos de cada cuatro meses por lo menos o dependiendo la tendencia de la moda o el gusto de la clientela. Los préstamos que recibió le ayudaron para invertir en zapatos y accesorios que le faltaba. Con este trabajo Amalia apoya a su pareja en lo gatos de su familia, la responsabilidad que tienen ambos de criar y educar a sus tres hijos de 14, 13 y 11 años de edad, quienes aún estudian en el colegio.
En la actualidad su mercadería asciende a doscientos cincuenta entre prendas de caballeros, damas y niñas y 40 pares de zapatos. Se acerca la época escolar en donde Amalia necesita matricular, comprarle el uniforme y útiles escolares a sus hijos y a veces no es suficiente el dinero, por ello Amalia necesita del préstamo en esta oportunidad para comprarles los útiles escolares con la mitad del préstamo y la diferencia en algunos vestidos cortos de acuerdo a la estación que estamos (verano).

Rebeca también está inmersa en el negocio de prendas en alquiler hace año y medio a sus treinta y dos años es madre soltera de una hija de siete años, fue este el motivo que decidió trabajar así, primero empezó a vender comida en un puesto cerca de un mercado solo estuvo un año así, lo tuvo que cerrar porque los ingresos que generaba no cubría con sus necesidades.
El actual negocio de alquiler de ropa le resulta mejor, claro que en ocasiones tuvo algunos altibajos pero el trato que brinda Rebeca a sus clientes la ayudado en conservar su negocio, lo mejoró y progresó no penó alcanzar a tener trescientos vestidos y ciento cuarenta zapatos además carteras lo que en un inicio tenía veinte vestidos y 15 zapatos lo hizo con la ganancias que obtenía y préstamo que obtuvo. Seguir invirtiendo en mercadería para luego alquilar otro puesto con la finalidad de darle lo mejor a su niña es su objetivo de Rebeca.

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
  • 102
    View loans »
    Peru Loans Fundraising
  • $57,342,125
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Rosa Group's $3,000 loan helped a member buy short dresses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2010
Listed
Mar 7, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010