Check out some available loans that are similar to this one!
Asociaciones Unidas Group
In this Group: Lola , Kelly , Luis , Rosa , Gladys , Juana , Jeny , Gloria
The enthusiasm and effort and creativity of this mainly women's group has helped them get ahead with the economic impetus for their businesses and their family. This is a group made up of 8 members called Asociación Unidas (United Association). The group was formed a year ago and they are very confident and supportive of each other since they are all neighbors from the same area.
Each member has a story to tell but we will only mention one. Lola R., 57, is the mother of three children. She has been selling food every day for the past 10 years. This has helped her, and her family financially, and has been a big support for them for a long time. With the effort in the sale of the food she has been been able to build her home of good materials over a period of time, and she has given her children a decent education. With the recent loan she plans to buy supplies for her business and stock up for the next months. As with Mrs. Lola R. each member of the Asociación Unidas group has the wish and goal to get ahead for the good of their families.
View original language description ↓
El entusiasmo de un grupo en su mayoría mujeres, que con esfuerzo y creatividad han sabido salir adelante para el surgimiento económico de sus negocios y sus familias. Un grupo conformado por 8 integrantes llamado Asociación Unidas, con un año de formado, en el grupo existe mucha confianza y apoyo entre todos los integrantes ya que se conoces muy bien debido a que todos son vecinos de la misma zona en la que viven. Cada integrante tiene una historia en particular pero mencionaremos solo una, la historia de Lola R. de 57 años de edad madre de tres hijos, ella se dedica diariamente a la venta de comida hace ya más de 10 años el cual le ha dado muchas satisfacciones económicas para ella y su familia y ha sido un sustento en su hogar por mucho tiempo, con el esfuerzo de la venta de comidas a podido construir a los largo del tiempo su casa de material noble y darles una educación decente a sus hijos. Con el reciente préstamo piensa comprar mercadería para su negocio y abastecerse para los próximos meses. Como la señora Lola R. cada integrante del grupo Asociación Unidas tiene el deseo y el empeño de seguir adelante por el bien de 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

  • $6,715
    Average annual income
  • 34
    View loans »
    Peru Loans Fundraising
  • $54,500,125
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Asociaciones Unidas Group's $3,175 loan helped a member with the recent loan she plans to buy supplies for her business and stock up for the next months.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2010
Listed
Nov 8, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011