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Solidaridad Group
In this Group: Rosa, Maritza, Lucinda Estela, Rosario Martina, Gonzales Roca Paulina, Mirian Carmela, Maikol, Digna*, Aidee Elizabet, Leslye Fabiana, Yvon Yicela
* not pictured
Yvon runs a hardware store named Alza Distributions. She has been working alongsiD. her husband for the past 15 years. They rent the space for their store but the clientele is very good at that location. She takes care of buying and selling all the merchandise. They have also started manufacturing plastic tubing. This type of service is not very common and they offer this special service to other hardware stores since there is such high demand. Her work brings her a great deal of personal satisfaction because she can send her daughters to university and they can live comfortably. She would very much like to purchase a space to run the store so that they won't have to rent anymore. Yvon is the secretary of the community bank named Solidarity. With the help of this loan she will purchase more inventory for the hardware store, such as: tubing, wire, cement, steel bars etc. She wants to add greater variety to the products she offers her clientele.

*Yvon is the 6th person on the right, wearing the black sweater and glasses.
View original language description ↓

Yvon tiene un negocio D. ferretería “DISTRIBUIDORA ALZA” en este negocio trabaja junto a su esposo por mas D. 15 años, alquilan un local donD. tienen mucha clientela ella por su parte se dedica a las ventas y compras D. los materiales que venden, por otro lado están incursionando en la fabricación D. transformaciones D. tuberías D. plástico algo que no hay mucho en el mercado este producto lo ofrecen a otras ferreterías que les hacen pedidos y tienen mucha demanda , su trabajo le da muchas satisfacciones ya que pueD. brindarle a sus hijas una buena educación en la universidad y poder vivir cómodamente. lo que quiere lograr muy pronto es poder comprar el local donD. tiene su negocio para dejar D. pagar alquiler y así mantener su clientela , la Sra. Yvon es la secretaria D. la alcancía “SOLIDARIDAD” con su préstamo comprara mas productos para su ferretería como tubos,alambres,cemento,fierros etc. D. esta manera poder ofrecer variedad a su clientela.

* La Sra. Yvon es la 6ta D. la derecha tiene chompa roja y anteojos.

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
  • 76
    View loans »
    Peru Loans Fundraising
  • $53,936,350
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidaridad Group's $4,025 loan helped a member to purchase inventory for hardware store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2010
Listed
Aug 13, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011