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Luz De San Antonio Group
In this Group: Enma Gina, Olinda Yola, Yolanda Florentina, Bertha Giovana, Llerlit , Hermenegilda Trinidad , Celina Julia , Diana Eloina, Violeta Yeny, Flor De Maria
Yolanda is a member of the “Luz D. San Antonio” communal bank. The bank's ten members work hard every day to get ahead, each one in their own business. This is the case with Yolanda who is a very hard-working woman. She sells glass vases, jugs and cups as well as helping in the kitchen at the “L. Central” eatery in her area.

Previously, Yolanda's husband bought a car with the severance pay which he received from his old job. Inexperienced in this field, they were ripped off when they bought it and it constantly broke down. In other words, the investment which they maD. turned out to be a loss. Yolanda set herself up in the business of selling glass products since the factory where her husband worked paid its employees in goods which they manufactured; that is to say glass products. Yolanda had to sell them in order to keep her household finances afloat. It has helped her to support her husband and allowed their children to finish their education. It has also helped them put food on the table.

In the beginning, it was not easy because only their friends bought from them but this situation changed because Yolanda realized that there was not a lot of competition in providing these products at the time and she maD. good profits. Since then she has continued to offer her jugs, glasses and vases. The loan which she now needs will be used to purchase underwear for children and women such as stockings, briefs and bras to receive in the coming year.
View original language description ↓
Yolanda participa en L. alcancía comunal “Luz D. San Antonio”, sus diez integrantes día a día se esfuerzan por salir adelante cada uno en su negocio distinto, tal es el caso D. Yolanda quien es una mujer muy trabajadora, se dedica a vender floreros, jarras y vasos D. vidrio además ayuda en L. cocina en el comedor “L. Central” D. su zona.
Anteriormente a ello su esposo D. Yolanda compró un auto con L. liquidación que recibió D. su anterior trabajo, inexpertos en este campo fueron estafados al comprar este bien resultado D. ello se malograba constantemente; es decir L. inversión que hicieron fue una pérdida. EmprenD. en el negocio Yolanda D. venta D. productos hechos en vidrio a raíz que L. fábrica donD. prestaba servicios su esposo le pagaban con mercadería que ellos hacían; es decir productos en vidrios; así entonces Yolanda tuvo que venderlo a fin D. no afectar L. economía en su casa; le ha servido para apoyar a su esposo en terminar L. educación a sus hijos, así mismo en su alimentación.
Al principio no era fácil porque solo sus amistades eran los compradores, pero esta situación cambió porque se dio cuenta que estos productos y no habiendo aquel tiempo mucha competencia le generaba buenas ganancias; y desD. entonces continúa ofreciendo sus jarritas, vasos y floreros; esta vez el crédito que necesita será para comprar lencería para niñas y damas como son: medias, trusas, y brasieres apropiado para recibir el año venidero.

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
  • 61
    View loans »
    Peru Loans Fundraising
  • $54,001,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz De San Antonio Group's $2,550 loan helped a member to purchase underwear.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2010
Listed
Oct 29, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011