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Siempre 10 Al Progreso Group
In this Group: Janet Alberta, Georgina Adelina, Maria Alejandrina*, Flor De Jesus, Livia, Zoila Milagros, Carmen Ernestina, Andres Vidal, Alejandrina Rosa, Margarita Nieves
* not pictured
When Señora Zoila started selling hosiery, she remembers that she could only buy a dozen at a time to sell in the regional market where she lives in Ventanilla Callao. With the small profit that she earned she bought more and more until she increased her capital substantially. Then she started selling other types of clothing that her customers requested. She did very well but, unfortunately, one of her 4 children became ill. Because of having to care for him she had to set her business asiD. for several years.

Now she is starting anew and thanks to her business she has been able to do many things, like make improvements to her house and have her own stall from which to sell. Things are going very well and her sales increase every day, especially in winter when people buy a lot of warm clothing. She would like to have her clothing bazaar in her own house. With this loan she will buy more clothing to sell.

She is a member of the group Siempre 10 al Progreso for which she is the secretary. She joined the group approximately 2 years ago. She is grateful because the loans have been very helpful now that she is starting her business again.


* Zoila is the last one in line with the cream colored jacket.
View original language description ↓
La Sra. Zoila empezó vendiendo medias ella recuerda que solo le alcanzo para comprar una docena D. este producto, asi salió a ofrecer sus medias en un mercado D. la zona donD. vive ventanilla Callao, con sus pocas ganancias que obtenía seguía comprando mas y mas hasta obtener un capital mas granD. ahora no solo venD. medias sino otro tipo D. ropas que sus clientas le pedian, le iba muy bien lamentablemente uno D. sus 04 hijos enfermo y por atenderlo dejo D. lado el negocio por varios años, ahora esta empezando nuevamente gracias a su negocio pudo lograr muchas cosas como mejorar su casa y lograr tener su propio puesto D. venta le va muy bien y las ventas mejoran cada dia sobretodo esta epoca D. invierno la gente compra mucha ropa D. abrigo para mas adelante quiere tener su bazar D. ropa en su propia casa, su préstamo lo invertirá en la compra D. ropa para vender , ella es miembro del grupo “ SIEMPRE 10 AL PROGRESO “ en el cual tiene el cargo D. secretaria ya integra el grupo aproximadamente 2 años esta agradecida por que sus prestamos son D. mucho apoyo ahora que esta empesando nuevamente.


* Zoila es la ultima D. la fila esta con casaca crema.

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
  • 77
    View loans »
    Peru Loans Fundraising
  • $53,936,025
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Siempre 10 Al Progreso Group's $3,400 loan helped a member to purchase more clothing to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2010
Listed
Aug 15, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011