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Señor De La Esperanza Group
In this Group: Norma Haydee, Elizabeth, Dulia Ursula , Mila Victoria, Carlos Ricardo, Ileodora Eugenia*, Maria Del Pilar
* not pictured
LORD OF HOPE COMMUNAL BANK

Mila is a member of the “Señor de la Esperanza” (Lord of Hope) communal bank which has 7 members. All are enterprising people in different commercial and service activities in the Matucana area. She comments that a friend encouraged her to participate in the Prosperidad-EDAPROSPO program.

Mila, 48, with her spouse sells building materials and supplies like: sand, cement, concrete, etc. She has been in this line of work for 20 years. The idea for the business came from her husband’s ability and experience and also because it’s profitable. Mila also sells fast food or fried snacks like: salchipollos (fried potatoes with fried chicken) and hamburgers, apple juice and other snacks at her doorstep. This is how they managed to finish building the first floor of their house. They also have a car port in Matucana’s high zone that they lease to a transportation firm for parking.

She doesn’t have any savings because her earnings cover her capital needs and household expenses. Mila’s goal is to form a small contracting firm buying demolition and perforation equipment to lease to mining firms in the area.

The loan she got recently will be used to buy some building materials and supplies.
View original language description ↓
ALCOM SEÑOR DE LA ESPERANZA

La señora Mila es integrante de la nueva Alcancía Comunal “Señor de la Esperanza” en donde participan 07 personas emprendedora que realizan diversas actividades de comercio y servicios en la zona de Matucana, ella comenta que una amiga la animo a participar del programa Prosperidad - ‘EDAPROSPO’.

Mila con 48 años de edad, juntamente con su pareja (conyugue) se dedican a las ventas de materiales de construcción menores como: arena, cemento, hormigón, etc. lleva 20 años dedicada a este negocio, la idea del negocio nació debido a la habilidad y experiencia que su esposo tiene, y también porque es un negocio rentable; así también Mila se dedica a vender comida rápida o frituras como: salchipollos, hamburguesas ademas agua de manzana y otros antojitos en la puerta de su casa; es así como ellos terminaron de construir el primer piso de su vivienda, asi mismo cuenta con una cochera para estacionamientos que hoy en día lo ha arrendado a una empresa de transporte de la zona alta de matucana.
Actualmente no cuenta con ningún ahorro, porque sus ingresos cubren su capital y gastos de su hogar. Mila tiene como meta, formar una pequeña empresa como contratista en la adquisición de maquinarias de voladuras y perforación, para alquilarlas a las empresas mineras de la zona. El reciente préstamo que recibió lo invertirá para comprar algunos materiales de construcción.


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
  • $58,002,425
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Señor De La Esperanza Group's $800 loan helped a member to buy building materials and supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Oct 7, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011