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Paso A Paso Group
In this Group: Fortunata, Julia Rosa, Luisa, Florencia Teofila, Romina Nycol, Lourdes Elizabeth, Cecilia Maura, Janina, Moina Edith, Harol Christian, Odele Elizabeth
Fortunata is the treasurer of the group "Paso a Paso" which means "Step by Step." This group of friends and neighbors chose this name because they are slowly improving their lives a little bit at a time.

Fortunata, pictured in the front row in the black jacket, is a 62-year-old widow. She has four adult children who have businesses of their own. Fortunata's business is a taxi service that she runs with her nephew. With this loan, Fortunata plans to buy new tires for her car she uses as a taxi.

The roads in northern Lima, where she lives, can be very hazardous: potholes and dirt roads really take a toll on her taxi cab. With a better maintained taxi, Fortunata hopes to attract more passengers and earn a better living.

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
  • 116
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Paso A Paso Group's $2,925 loan helped a member to buy new tires for her car she uses as a taxi.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011