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Amados Por Dios Group
In this Group: Elvira, Rayda , Heriberto Adan, Margarita Lourdes, Nicolas, Renee Luz, Ruben Dario , Rosa Maria, Wilder
Amados por Dios is a community bank maintained by 9 members who live in the settlement of Huamano D. Chosica; they appreciate the loans.

Rayda knits and for two years she has used wool thread to make polo shirts, sweaters, dresses, and baby clothes. She also teaches others to knit for extra income. Rayda works to support her son. She's happy about the loans because she'll be able to invest in the purchase of materials for her knitting.

Elvira, the treasurer of the group, works in her house and in various businesses such as selling vegetables and food. During the weekends she makes special food to order for her customers. She has 7 children who help her with the work because they know that the income is for the entire family. This is her third loan and the responsible members know that her punctual repayment benefits the group as a whole.

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 ↓
Amados por Dios es una Alcancía Comunal conformado por 9 socios que residen en un asentamiento Huamano D. Chosica, ellos están agradecidos por los prestamos.
Rayda se dedica al tejido hace 2 años ella utiliza hilos lanas con los que hace polos, chompas vestidos y ropa D. bebe. Además enseña a otras personas a tejer y tener un ingresos extras. Rayda tiene 1 hijo por el cual debe D. seguir trabajando. Ella esta conforme con los prestamos ya que podrá invertir en la compra D. materiales para sus tejidos.
La tesorera del grupo Elvira trabaja en su casa y se dedica a diferentes negocios como son la venta D. verduras , la venta D. comida y los fines D. semana hace comidas especiales que le solicitan sus clientes. Ella tiene 7 hijos que la ayudan con el trabajo ya que saben que los ingresos son para toda la familia.
Este su tercer préstamo y las socios son mas responsables y saben que su puntualidad en los pagos es beneficio para todos.
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
  • 131
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Amados Por Dios Group's $2,600 loan helped a member purchase of products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010