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San Francisco Group
In this Group: Karin Milagros, Luis Alberto, Teodora, Antonieta, Segundo Santos, Teodora Felicita, Juana Aidee
Karin Milagros, 27, is married and has a son. She’s been a member of the “San Francisco” group, which has six additional members, for 3 years; she was elected group president.

She started selling prepared breakfasts thirteen years ago; she started out with very little peddling her meals in the streets; her only menu items were coffee and teas. Later on, she added sandwiched and now prepares complete dishes and manages to keep a daily 40-meal production.

Her business has maD. it possible for her to establish a fixed location in her mother’s house for her sales.

Her next goal is to set up a portable phone booth; she will use the funding to buy phone credits and will proviD. the service moving place to place.
View original language description ↓
KARIN MILAGROS, TIENE 27 AÑOS, , ES CASADA TIENE UN PEQUEÑO HIJO. DESD. HACE TRES AÑOS ES INTEGRANTE DEL GRUPO "SAN FRANCISCO", FORMADO POR SEIS PERSONAS MÁS, QUIENES LA ELIGIERON COMO LA PRESIDENTA D. LA JUNTA DIRECTIVA DEL GRUPO.
HACE TRES AÑOS, INICIÓ EL NEGOCIO D. VENTA D. DESAYUNOS, EMPEZÓ CON MUY POCO D. FORMA AMBULATORIA, VENDIENDO SOLO CAFÉ Y MATES, LUEGO FUÉ COMPLEMENTANDO CON SANGUCHES. AHORA OFRECE TAMBIÉN ALGUNOS PLATOS D. COMIDA Y HA PODIDO CONSERVAR LA VENTA D. 40 DESAYUNOS AL DÍA.
CON SU NEGOCIO HA PODIDO IMPLEMENTAR UN ESPACIO EN LA CASA D. SU MAMÁ PARA TENER UN LUGAR FIJO D. VENTA.
SU PROXIMA META ES IMPLEMENTAR UN LOCUTORIO, POR AHORA CON EL PRESTAMO SOLICITADO EMPEZARÁ COMPRANDO SALDO PARA LLAMADAS Y DARÁ EL SERVICIO AMBULATORIAMENTE.

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
  • 68
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Francisco Group's $1,750 loan helped a member to invest in a portable phone booth.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2010
Listed
Apr 8, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010