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Las Flores Al Progeso Group
In this Group: Juana, Dalinda Claudelina, Duma Noemi, Aquilina Basilia, Zoila, Santa Margarita, Iris Marcelina, Brigida, Paola*, Giuliana
* not pictured
Aquilina is a very hard working woman. She has 7 children, three of whom are still little. It’s for them that at the age of 49 she continues to work to support them.

She has always worked in the food business. For a long time she prepared lunch for employees at several factories. Unfortunately, the trip from home to work was very long and tiring so, in order to spend more time with her small children, she left that job to start working in her own grocery store that she installed in her house.

With some savings and EDAPROSPO loans she started the business. She remembers that at the beginning she only sold a few products and some things that she herself prepared like picarones (type of fried donut) and mazamorra (maize based Peruvian sweet).

She is happy to be part of the “LAS FLORES AL PROGRESO” (Flowers to Progress) group because it’s been a push for her to reach her goals. Currently the business has grown and improved; it is stocked with a greater variety of items. This fills her with pride because she considers this quite the accomplishment in addition to it serving as a means for her to educate her children and live better. Also, she was able to invest money in the purchase of a lot and is now planning to build a minimarket on it.

She will use the loan to buy assorted Christmas products that are sold during this season like, Panettones, champagne, chocolates, etc.

*Aquilina is wearing the yellow shirt and sky blue pants.
View original language description ↓
Aquilina es una mujer muy trabajadora tiene 07 hijos de los cuales 3 aun son pequeños es por ellos a sus 49 años sigue luchando para sacarlos adelante, ella siempre ha trabajado en el rubro de comidas, durante mucho tiempo se dedico a preparar almuerzos para los trabajadores de varias fabricas, lamentablemente el trayecto de su casa al trabajo era muy largo y cansado, por estar mas tiempo con sus hijos pequeños es que decide dejar el trabajo para empezar a trabajar en su propia bodega la que inicia en su misma casa, con algunos ahorros los préstamos de EDAPROSPO empezó su negocio ella recuerda que al principio solo vendía algunos productos y algunas cosas que ella misma preparaba como picarones, mazamorras (dulces peruanos) ella esta feliz de pertenecer al grupo “LAS FLORES AL PROGRESO” por que ha sido un impulso muy grande para lograr sus metas, en la actualidad su negocio aparte de crecer ha mejorado esta mas surtido con productos variados, esto la llena de orgullo pues considera que es un logro. Además que esto le sirve para ayudar con la educación de sus hijos y vivir mejor por otro lado también pudo invertir su dinero en la compra de su propio terreno ahora se proyecta a construirlo y poner un minimarket, su préstamo lo usara para comprar productos navideños que se vende por esta época como panetones, champang, chocolates etc.

*La Sra. Aquilina esta con polo amarillo y pantalón celeste.

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
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,842,650
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Flores Al Progeso Group's $3,600 loan helped a member to buy Panettones and liquor for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2010
Listed
Dec 13, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2011