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The Divine Women Of The Union Group
In this Group: Maribel, Abel, Virginia Angelica, Rosa Elba, Andrea Estefania, Eugenia, Angelica Maria
The community bank named "The Divine women of the Union" is made up of 7 hard working members, all of whom have dreams and goals to accomplish.

For the past year Angelica has been serving breakfast. It is a business that started out by only selling soft drinks. Sometimes on the weekends provides laundry services. With her hard work she has managed to purchase a trolley that facilitates her work. She has even saved enough money to have a small capital savings to expand her business. She is a very enthusiastic member, for which reason she was elected to lead the group as president four months ago. Angelica's greatest dream is to rent a space to set up her business.

The loan will be invested in the purchase of merchandise and for working capital. Every one of the members are very happy and grateful to be given the opportunities granted to them through this loan. They are able to manage a better quality of life through these loans. (The children in the photo are children of the members of this group).
View original language description ↓
La alcancía comunal “LAS DIVINAS DE LA UNION”, está conformada por 7 socios unidos, solidarios y muy trabajadores que tienen sueños y metas por cumplir.
Desde hace 1 año Angélica se dedica a la venta de desayuno se inicio en este negocio vendiendo refrescos y a veces lava ropa los fines de semana, con el esfuerzo de su trabajo ha logrado comprarse una carreta que le facilita su trabajo, menajes y ha logrado ahorrar un pequeño capital para ampliar su negocio. Es una socia muy entusiasta por eso ella representa al grupo como presidenta desde hace 4 meses. El gran sueño de Angélica es alquilar un local para poner ahí su negocio.
EL crédito recibido lo invertirá en la compra de mercadería para capital de trabajo, todos nuestros socios se encuentran muy contentos y agradecidos por todas las oportunidades que les dan con los préstamos, porque de esta manera ellos pueden tener una mejor calidad de vida. (Niños en la foto hijos de los socios).

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
  • 102
    View loans »
    Peru Loans Fundraising
  • $57,342,125
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of The Divine Women Of The Union Group's $1,725 loan helped a member to purchase merchandise and to serve as working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2010
Listed
Sep 5, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011