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El Sol De Vitarte Group
In this Group: Sara Ines , Blanca Luz , Flor Domitila , Flor De Maria , Rosa , Reyna , Leysi Jois , Leslie Tatiana , Genesis Prissila
The members of the communal bank El Sol D. Vitarte are a group of women who approach each day with enthusiasm and dedication. The group is comprised of 9 members who have the arduous task of working on their businesses to improve the quality of life for their families.

Such is the case for Sara O., 46 years old, and mother of 5 children, 3 of whom are still under her care because they are young and depend on her for their education, food, and clothing. Every day, Sara O. sells broasted-style chicken in the evenings and sometimes coffee beans and honey. With revenue from these businesses she could support her family and was able to buy some land to later start building her own house.

With the requested loan, Sara will improve the merchandise for her broasted-style chicken sales. Every member of the group has a particular story, but they all share the enthusiasm and desire to succeed for the benefit and economic improvement of their businesses and families.
View original language description ↓
Un grupo D. mujeres que con entusiasmo y mucha dedicación sale adelante cada día. Así son las integrantes D. la alcancía comunal El Sol D. Vitarte conformado por 9 socias, llevan la ardua tarea D. trabajar en sus negocios para poder mejorar la calidad D. vida D. sus familias. Tal es así el caso D. la señora Sara O. D. 46 años D. edad madre D. 5 hijos D. los cuales 3 aun están a su cuidado por ser menores D. edad y dependen D. ella para su educación, alimentos y vestimenta. La señora Sara O. cada día se dedica a la venta D. pollos brosters por las tardes y debes en cuando a la venta D. granos D. café y miel. Con los ingresos D. estos negocios a podido llevar adelante a su familia y pudo comprar un terreno en el cual más adelante comenzará a construir su casa propia. Con el presente préstamo implementara la mercadería para sus ventas D. pollos brosters. Como ella cada integrante tiene una historia en particular pero, si en algo coinciden es en el entusiasmo y las ganas D. salir adelante para el bien y mejoría económica D. sus negocios y familias.

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
  • 35
    View loans »
    Peru Loans Fundraising
  • $55,833,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Sol De Vitarte Group's $3,550 loan helped a member to improve the merchandise for her broasted-style chicken business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2011