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El Progreso Group
In this Group: Flor Balbina, Pedro Jose*, Tina, Cinty Graciela*, Dina Elizabeth, Rosa Elvira, Jackeline, Luz Mariela, Milagros Margarita, Giannina Doris
* not pictured
“El Progreso” Communal Bank

The “El Progreso” Communal Bank is a group maD. up of 9 female members and one male member who all live in the same neighborhood. Having worked for almost 4 years with EDAPROSPO-PROSPERIDAD, they have formed a close friendship because they have helped each other out and become more active in the group.

Tina is 38 years old. She has 2 children that still depend on her and she lives with her husband in their own house. She sells fruit in the market that is close to her house. She rents a place in the market and since it is her own business she is able to act as the treasurer of the communal bank. She is very hardworking and enthusiastic, as are her fellow members of the communal bank. Tina leaves very early in the morning to go to a bus terminal that is far from her house to get the fruit in large quantities at a lower price so she can sell it in the market she works from. This is how she earns the money to proviD. for her family.

Tina dreams of seeing her children become professionals and of refurbishing her house.
View original language description ↓
ALCANCIA COMUNAL “EL PROGRESO”

La alcancía comunal “EL PROGRESO” es un grupo formado por 9 socias y 1 socio que viven en una misma urbanización, con el tiempo D. casi 4 años trabajando con EDAPROSPO-PORSPERIDAD han formado una buena amistad porque han mostrado ayuda a sus compañeras y ser mas activas en el grupo.

Tina tiene 38 años D. edad, tiene 2 hijos que aun depenD. D. ella y vive con su esposo en su casa propia, ella se dedica a vender fruta en el mercado que esta cerca a su casa, es un puesto que lo alquila a mercado, y por lo que es un negocio propio le da la libertad D. ser la tesorera D. la alcancía comunal

Ella tiene mucho empeño y entusiasmo junto con su compañeras D. alcancía comunal, Tina sale muy temprano a un terminal que esta muy lejos D. su casa para conseguir la fruta en gran cantidad a un menor precio para ofrecerla en el mercado donD. ella venD., y así ganar el dinero para el sustento D. su familia.

Tina sueña con ver a sus hijos profesionales y dar refacción a su casa.

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
  • 126
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $3,250 loan helped a member she will buy fruits such as papaya, oranges, pinapples, apples, pears, plantains, etc. and the transportation for them.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2010
Listed
Aug 8, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010