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Arbol De Vida Group
In this Group: Maria Vianne, Felipe, Rosa Elizabeth, Carmen Luz, Clotilde , Elsa Iraida, Maximo*, Maribel, Consorcia
* not pictured
Felipe began working as an assistant in a glazing shop a few years ago. As he is quite skillful he learnt quickly and decided to open his own business. He is happy with his achievement since it allows him to contribute to the bills at home and as he will soon welcome his first child, there will be more costs to cover in the future.

Maria has been selling sweets as a street vendor for some years. She would like to find a place where she can sell her products, even though there is a lot of competition now. She has three children who support her and she is thankful for the working capital they offer her.

All the members work in different areas which help them to support their families. They are grateful for their loans and hope to obtain new loans for their working capital.

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 ↓
Felipe empezó trabajando como ayudante en una vidriería hace varios años como es un hombre muy hábil aprendió rápidamente y decidió abrir su propio negocio, èl esta contento con su logro, ya que eso le permite aportar con los gastos en casa, además pronto tendrá su primera bebe, y tiene que ver sus gastos futuros.
María venD. golosinas D. forma ambulante hace varios años ella desea adquirir un lugar donD. vender aunque ahora hay mucha competencia, ella tiene 3 hijos los cuales le ayudan. Ella agradece el capital D. trabajo que le brindan.
Todas los socios se dedican a diferentes tipos D. negocios que le permitan mantener a sus familias, agradecen los préstamos y desean lograr nuevos préstamos para su capital D. trabajo.
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
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Arbol De Vida Group's $2,900 loan helped a member purchase of products and materials.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
Jun 12, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010