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Paz Y Progreso Group
In this Group: Fani Ines, Fausta Beatriz, Judid Magaly, Ines Eulogia, Guadalupe, Margarita Yolanda, Miguel, Katia Mercedes, Flora Sofia, Esperanza Juvencia, Maria Esther, Maria Concepcion
Fani is a member of the 'Paz y Progreso' (Peace and Progress) group which is maD. up of 12 friends who decided to give the group this name because of the wishes that they have for each other. Fani makes handicrafts and she will use her loan to buy paints, 'microporoso' (a type of foam) and other items for finishing off her crafts. She hopes to expand her business and get together a workforce so that she can make handicrafts in larger quantities. She hopes, in this way, to be able to continue supporting her daughter Gaby in her studies and hopes that her group keeps being supported by their training sessions.

Accompanying the other members is Astuvilca (in the flowery blouse) who is the group's founder.
View original language description ↓
Fani forma parte del grupo “Paz y Progreso” el cual está conformado por 12 Amigas que decidieron poner el nombre al grupo por los deseos que quieren para ellas. Ella trabaja haciendo manualidades y utiliza su préstamo en pinturas, microporoso y otras cosas para el acabado D. sus trabajos, espera ampliar su negocio y formar un equipo D. trabajo para hacer las manualidades en cantidad, así mismo espera poder seguir apoyando a su hija Gaby en sus estudios D. educación y espera que las habilitaciones sigan apoyando al grupo.
Los acompaña la señora Astuvilca (camisa floreada), fundadora del grupo.

Additional Information


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
  • 130
    View loans »
    Peru Loans Fundraising
  • $58,884,300
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Paz Y Progreso Group's $4,650 loan helped a member to buy products and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 7, 2010
Dec 15, 2010
Currency Exchange Loss:
May 15, 2011