Check out some available loans that are similar to this one!
Renacer Group
In this Group: Nelly Julia, Petronila , Lidia Soledad, Hilda Esther, Miguel Antonio, Lucia, Norma
Nelly got married at age 17. She didn’t have a formal education and it was her husband who taught her how to sew and manufacture clothing. It was a bit of a challenge at first, because she also had to care for her one year old son.

She has always wanted to work on her own and it was a friend who encouraged her to lease a workshop in a central location. This allowed her to earn additional income and improve her quality of life. Her husband bought her first sewing machine (basic), which she still keeps as a memento.

Nelly began making dresses and skirts. Her neighbors knew that she was a seamstress and it was they who recommended her services to their friends. She began to increase her income little by little, completed her studies, and over time began buying more fabrics and thread with the loans she received.

She had the opportunity to become well known in the various schools, where she maD. uniforms for teachers, but it became necessary for her to acquire a chain stitch sewing machine. For this reason she approached Edaprospo-Prosperidad to request a loan in order to buy the machine. Things went well for her and she began making wedding gowns and formals. This generated additional income for her.

She did a good job managing her business and was able to buy more machines and the income provided her the means with which to pay for her three children’s education. They have all achieved professional careers. She was also able to buy her own workshop in a central location and no longer offers her services to private institutions because her business is doing very well. The income she now earns is for herself and for her husband, and to treat her grandchildren.

Nelly will use the money from this loan to buy fabric because she has orders for dresses for the Peruvian Independence Day. It makes her feel good to have achieved most of her goals and to continue to be able to support her family by running the business she enjoys; dressmaking.
View original language description ↓
NELLY SE CASO A LOS 17 AÑOS, NO TENIA NINGUN ESTUDIO Y FUE SU ESPOSO QUIEN LE DIO LA CARRERA TECNICA D. CORTE Y CONFECCION, ERA UN POKO DIFICIL AL PRINCIPIO PORQUE TENIA QUE CRIAR A SU HIJO D. UN AÑO, SIEMPRE QUIZO TRABAJAR D. UNA MANERA INDEPENDIENTE,FUE UNA AMIGA QUIEN LA MOTIVO PARA QUE NELLY ALQUILARA UN PUESTO EN UN LUGAR CENTRICO PARA PROVEER UN INGRESO ADICIONAL, Y MEJORAR SU CALIDAD D. VIDA, PARA ELLO SU ESPOSO LE COMPRO SU PRIMERA MAQUINA D. COCER (RECTA SIMPLE), QUE TIENE HASTA AHORA D. RECUERDO. NELLY EMPEZO CONFECCIONANDO VESTIDOS, FALDAS; SUS VECINOS SABIAN QUE ERA COSTURERA, Y FUERON ELLOS QUIENES RECOMENDABAN A SUS AMISTADES, POR EL SERVICIO QUE ESTA SEÑORA, ASI FUE INCREMENTANDO SUS INGRESOS, POCO A POCO, TERMINÒ ESTUDIAR SU CARRERA Y ENTONCES EMPEZO A COMPRAR CON EL TIEMPO MAS TELAS E HILOS, CON LOS PRESTAMOS QUE RECIBIO,TUVO LA OPORTUNIDAD D. HACERSE CONOCIDA EN LOS COLEGIOS A LOS CUALES LES CONFECCIONABA EL UNIFORME A LOS PROFESORES, PERO LE ERA UTIL ADQUIRIR UNA REMALLADORA, ES ASI QUE ACUD. A EDAPROSPO-PROSPERIDAD, Y SOLICITA UN CREDITO PARA OBTENER LA MAQUINA; LE FUE BIEN EN SUS VENTAS QUE CON EL TIEMPO EMPEZO A CONFECCIONAR VESTIDOS D. NOVIA, COMPROMISOS PARA EVENTOS SOCIALES.DOND. LE GENERABA DEMANDA D. INGRESOS, SUPO ADMINISTRAR SU NEGOCIO QUE LLEVÒ ADQUIRIR MAS MAQUINAS, LOS INGRESOS D. ESTE NEGOCIO LE SIRVIERON PARA EDUCAR A SUS TRES HIJOS, QUIENES SON PROFESIONALES EN LA ACTUALIDAD, ADEMAS COMPRO UN PUESTO PROPIO EN UN LUGAR CENTRICO, ACTUALMENTE YA NO OFRECE SUS SERVICIOS A INSTITUCIONES PRIVADAS PORQUE LE VA BIEN EN SU NEGOCIO.
LO QUE AHORA LE GENERA SUS INGRESOS ES PARA ELLA, SU ESPOSO Y SEGUIR APOYANDO A SUS NIETOS. EL CREDITO QUE NECESITA NELLY ES PARA COMPRAR TELAS PORQUE TIENE PEDIDOS D. VESTIDOS, POR ANIVERSARIO PATRIO DEL PERU. TRABAJAR D. ESTA MANERA LE HACE SENTIR BIEN HABER REALIZADO MUCHAS D. SUS METAS Y SEGUIR APOYANDO A SU FAMILIA EN EL NEGOCIO QUE LE GUSTA COMO ES LA CONFECCION.

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
  • 41
    View loans »
    Peru Loans Fundraising
  • $55,918,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacer Group's $1,175 loan helped a member fabric.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Aug 13, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010