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Micaela Bastidas Ii Group
In this Group: Maria Jesus, Toribia, Maria Elena, Hellen Teresa, Demesia, Elmer, Marili, Loreta Eulalia, Yrma Violeta, Liseth
The community outreach program, Micaela Bastidas II, has 10 members who operate small, informal businesses. They have worked with EDAPROSPO-Prosperidad for 2 years. Maria Elena, an enthusiastic and entrepreneurial woman, has been the president of the group for 8 months. She is 39 years old and a single mother with a 17 year old son who is preparing to study at the university. For 15 years, Maria Elena has operated a tailoring business (Alta Costura) that she started after studying dress-making and tailoring. Working hard every day, she has managed to set up a workshop with three sewing machines (chainstitch, lockstitch, coverstitch). She wants to expand the business and export her products. Maria will use her most recent loan to buy supplies (cloth, thread, buttons, etc.). The loan will add to her working capital so that she can continue operating the business.
View original language description ↓
La alcancía comunal “Micaela Bastidas II”, está conformada por 10 socias quienes se desempeñan en labores de comercio minorista e informal, trabajan con EDAPROSPO- Prosperidad desde hace 2 años.
María Elena, mujer emprendedora y entusiasta, actualmente asume el cargo de presidenta, desde hace 8 meses, tiene 39 años, es madre soltera, tiene un hijo de 17 años que actualmente se está preparando para postular a la Universidad.
Desde hace 15 años María Elena se dedica a la confección de prendas de vestir (Alta Costura), se inicio porque estudio alta costura y sastrería. Con el esfuerzo de su labor diaria ha logrado poner un taller con tres maquinas (recta, remalladora y recubridora), su gran sueño es implementar mas su negocio y exportar sus productos.
El reciente préstamo, María lo destinará en la compra de mercadería (tela, hilos, cierres, etc.). Agradecen el financiamiento para sus actividades comerciales y seguirán cumpliendo con sus pagos puntualmente.

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
  • 87
    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 Micaela Bastidas Ii Group's $2,075 loan helped a member buy supplies for tailoring business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010