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El Eden Group
In this Group: Juana , Vilma , Maritza , Candelaria , Juan , Luz , Marita , Elizabeth, Rosa Narida
The members of the Edén community bank have much in common, especially the enthusiasm to make a success of their businesses. The 9-member group started more than two and a half years ago and run a variety of businesses.

38-year old Sra. Juana S. is one of the members and has two children still living at home. For the last four years she has maD. a living by selling meals in the mornings and desserts, such as mazamorra morada and rice pudding, in the afternoons. The work has brought her and her family many benefits. With the current loan she will buy ingredients for the desserts and other items for the upcoming Christmas season.

The other members have their own stories to relate, but all put the same care and effort into their daily lives to proviD. for their families.
View original language description ↓

Un grupo con mucho en común que es el entusiasmo por surgir en los negocios propios, así es el Edén una alcancía comunal con características D. éxito. Conformado por 9 socias hace más D. dos años y ocho meses. Cada integrante se dedica a diversos comercios, tal es así el caso D. la señora Juana S. integrante D. dicha alcancía, la señora Juana S. con 38 años D. edad madre D. dos hijos que aun dependen D. ella, vio la forma D. surgir económicamente con la venta D. comida por las mañanas y por las tarD. se dedica a la venta D. postres como son mazamorra Morada, Arroz con leche, entre otros. Lleva más D. 4 años dedicándose con esmero a este oficio el cual le ha dado muchas satisfacciones para ella y su familia. Con el reciente préstamo lo invertirá en comprar artículos para la realización D. sus postres y algunos artículos para la campaña naviD.ña ya que se acerca pronto. Como la señora Juana S. el resto D. los integrantes tiene una historia en particular que contar, pero todas coinciden en el esmero y el desempeño que realizan cada día por el bienestar D. sus 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

  • $12,000
    Average annual income
  • 95
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Eden Group's $1,850 loan helped a member to buy dessert ingredients.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 7, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011