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Santa Maria Group
In this Group: Margarita, Jacinta Juana, Olga Elia, Genoveva, Yulita Cilia, Edith, Elizabeth Liliana, Hugo Lalo, Paul Angelo, Rosa Bertha
The Santa María Communal Bank is located in the “Asentamiento Humano” (legalized squatter settlement) with the same name in the Ate district. It is a communal bank that has worked with EDAPROSPO- Prosperidad for four years. It is comprised of ten members.

Jacinta Juana is the president. She is 47, a single mother, and has two school age children. She has had a grocery store for seven years. She sells basic need foods like bread, eggs, milk, sugar, rice, and soft drinks among other things. Jacinta got into this business because her husband left her with all of the expenses, she did not have help from anyone, and her two children were young. Also, on the week-ends she sells “anticuchos” (a dish maD. with lamb's heart) and “panchitos” (hot dogs) in the areas surrounding her house.

The members of this group devote themselves to activities like being a cook’s assistant, providing bricklaying services, and being a public transportation driver. Others in the group sell food and refreshments in the markets.

The members decided on the name Santa María because the place where they live has that name, and they felt more recognizable with that name. All of the members will use the new loan to invest in expanding their small businesses. This way they will have a better quality of life.

The members are very happy with and value the support provided. They pledge to return the loan punctually.
View original language description ↓
La alcancía comunal “Santa María”, está ubicado en el Asentamiento Humano llamado del mismo nombre en el distrito D. Ate, es una alcancía que trabaja con EDAPROSPO- Prosperidad desD. hace 4 años, está conformado por 10 socios, asume el cargo D. presidenta la señora Jacinta Juana D. 47 años D. edad, es madre soltera D. 2 hijos en edad académica, se dedica a su bodega desD. hace 7 años en el cual venD. productos alimenticios D. primera necesidad como pan, huevos, leche, azúcar, arroz, gaseosas entre otros. Jacinta incursiono en este negocio porque su esposo la abandono con todos los gastos y no tenia apoyo D. nadie, y sus dos hijos estaban pequeños, además los fines D. semana se dedica a la venta D. anticuchos y panchitos en las afueras D. su casa, grupo D. socios se dedican a las actividades D. servicio como ayudante cocinero, otro presta servicio D. albañil y chofer D. transporte público y otro grupo se dedica a la venta D. comidas y refrescos en los mercados.
Nuestros socios decidieron el nombre D. Santa María ya que en el lugar donD. viven tiene dicho nombre y se sienten más identificados con él, con su reciente préstamo todos los socios lo invertirán para ampliar su pequeño negocio y con ello tener una mejor calidad D. vida.
Los socios están muy contentos y valoran el apoyo brindado y se comprometen a la devolución del préstamo en el plazo determinado.

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
  • 50
    View loans »
    Peru Loans Fundraising
  • $53,895,075
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Maria Group's $3,125 loan helped a member to expand their small businesses in order to have a better quality of life.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2010
Listed
Jul 11, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010