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Las Violetas Group
In this Group: Edita, Teresa , Rosita, Dora Luz , Smith*, Christian , Amalia, Carlota
* not pictured
For many years, Teresa sold different types of food such as tamales, a similar dish called humitas, and other products, but she still was not able to cover the household expenses. But, as she is a very optimisitic and hardworking woman, she invested her money in a business selling candy, and this worked out well and she was able to pay some household debts.She now wishes to invest money in buying sodas and juice drinks to stock her business.
Also note that Teresa sells candy at the entrance to the school. Know that her hard work must be rewarded so she can offer the basic necessities to her four children. With her recent loan, she plans to buy a freezer to keep her products.
The members of this loan group are in their eleventh loan cycle, and they want to continue with the loans.
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 persons, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
View original language description ↓
Hace muchos años Teresa vendía diferentes tipos de comidas como son tamales, humitas, y demás variedades pero aun así no cubría los gastos en casa, pero como ella es una mujer muy optimista y trabajadora, invirtió su dinero en el negocio de golosinas que le resulto favorable, pudo pagar algunas deudas en casa, ahora desea invertir el dinero en la compra de gaseosas y nectares para surtir su mercadería.
Edita al igual que Teresa vende golosinas en la puerta de un colegio, Sabe que su arduo trabajo tiene que tener recompensa ella brinda las necesidades básicas a sus 4 hijos. Con su reciente préstamo planifica comprar una congeladora para mantener sus productos.
Los socias cursan el ciclo 11 y desean continuar con los préstamos. 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 persons, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

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
  • 85
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Violetas Group's $1,025 loan helped a member to buy products and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2010
Listed
May 2, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010