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New Hope Group
In this Group: Martha, Sebastiana, And Juana, Juana Ricardina, Martha Juana , Antonia, Lucila, Elvira, Angelica , Zenaida, Elmer, Gloria Antonieta
Martha works at many different businesses that allow her to support her family. She raises and sells birds, like chickens, ducks, and other types of fowl. She also sells breakfast at the market in the morning. She prepares humitas (flavored corn paste wrapped in corn leaves) and tamales when they are requested. She works very hard because she would like to invest in her children's occupation.

Sebastiana has raised and sold pigs for many years with her small income. She wants to improve her farm and increase the number of piglets she has in order to earn more money.

The secretary, Juana, has a small primary school where she works as a teacher. She has one child, who is the reason she works so hard since that is her only income.

The members are grateful for the loans and are sure that with effort they can build their dreams.

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 ↓
Martha se dedica a diversos tipos D. negocios que le permiten mantener a su familia, ella cria y venD. aves D. corral como son pollos, patos y otros animals D. corral. Ademas venD. desayuno por las mañanas en un Mercado. Asimismo prepara humitas y tamales cuando lo solicitan ella se esfuerza mucho ya que desea invertir en la profesion D. sus hijos.
Sebastiana cria y venD. cerdos hace varios años con sus pocos ingresos desea mejorar sus criaderos y multiplicar sus cerditos para asi obtener mayors ganancias.
La secretaria Juana tiene un pequeño colegio primario donD. labora como docente, ella tiene 1 hijo, por el cual se esfuerza, ya que es su unico ingreso.
Los socios agradecen los prestamos y estan seguros D. que con esfuerzo pueden construir sus sueños. 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
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,879,875
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of New Hope Group's $2,650 loan helped a member improve agricultural businesses, food vending, and schools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010