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La Vecindad Del Cinco Group
In this Group: Beatriz , Martha , Ermanda , Elsa , Yolanda , Aladino , Guisela Alina
The “Vecindad del Cinco” (Neighborhood of the Five) has seven members who are all retailers. They sell clothes and groceries, for example. It has been in operation for over 7 years and they have done an extraordinary job with profits from the loans.

One case in particular is Mrs. Beatriz Bazán, 39. She goes out every day with her ambulatory clothing sales business. This business has brought her many benefits, like being able to educate her four children, providing food, clothing and a roof over their heads.

She plans to use the present loan to buy summer clothes and to save up to buy a fabric cutting machine in the future that will be very helpful for her business.

Every member of the group has a different job but they all agree on dedication and daily effort to make progress and continue to move forward.
View original language description ↓
El grupo la Vecindad del Cinco está conformado por 7 miembros los cuales todos se dedican al comercio minoritario como venta de ropa bodegas etc., tiene formado hace mas de 7 años los cuales han hecho una labor extraordinaria con las ganancias de las prestaciones. Un caso en particular es el de la señora Beatriz B., con 39 años de edad sale adelante cada día con su negocio de venta ambulatoria de ropa, el cual le ha dado muchas satisfacciones como los estudios de sus 4 hijos en el colegio, alimentos, vestimenta y un techo donde vivir. Con el presente préstamo piensa invertirlo en comprar prendas de vestir para el verano y ahorrar para la compra futura de una maquina cortadora de tela, el cual le seria de mucha ayuda en su negocio. Cada integrante del grupo la vecindad del cinco tiene un desempeño laboral distinto. Pero todos coinciden en la dedicación y el esfuerzo que dan todos los días para progresar y salir a delante.

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
  • 71
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Vecindad Del Cinco Group's $2,375 loan helped a member to buy summer clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2010
Listed
Oct 18, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011