Check out some available loans that are similar to this one!
Virgen Del Rosario Group
In this Group: Felicia Lourdes, Enma Silvia, Judith Rosmery, Justina*, Heidi Elina, Delia Zenaida, Lucia, Norma Esther
* not pictured
Felicia Lourdes P. M., 46 years old, has two children and is the president of this group, "Virgen del Rosario." She cares for one of her children, who is still in school. The eldest of her children already has a family and works independently. Felicia lives with her partner, Piter R. Porras. They began this business over 26 years ago and operates it all the way to the Andean plateaus where the maca root grows. Felicia bought this product in order to resell them at local markets. Beforehand, the idea of making maca root flour was suggested because the product would sell at a higher price. The process of making maca root flour is to dry the product under the sun, turning the maca from time to time. Afterwards, they are crushed by hand using an artisan grinder; the result of which is maca root flour. She has a great desire to overcome obstacles, as such she is now thinking of using the same process to make carrot flour. She plans to use the loan that she is requesting to purchase maca root to dehydrate.
View original language description ↓
Felicia Lourdes P. M., 46 años D. edad, 2 hijos y presidenta del grupo: "Virgen del Rosario".
L. Señora Felicia todavìa tiene a su cargo a uno D. sus hijos que esta aùn en edad escolar; èl mayor D. sus hijos ya tiene familia y trabaja independientemente.
Felicia junto con su conviviente Piter R. Porras empezaron con este negocio hace 26 años. El negocio que ellos emprendieron los llevo hasta las punas D. Huancayo donD. crece L. Maca. Felicia compraba este producto para revender en los mercados locales; posteriormente les surgiò L. idea D. hacer harina D. maca, ya que D. este modo pueden ganar un mejor precio.
El proceso D. L. Harina D. Maca: Es secar el producto bajo el fuerte sol, volteando L. Maca D. rato en rato, luego lo muelen en molinos artesanales a mano; D. allì obtienen como resultado L. harina D. Maca.
Felicia tiene muchas ganas D. superaciòn, tal es asì que, ahora piensa realizar el mismo proceso y hacer harina D. zanahoria.
El prèstamo adquirido serà para comprar Maca para deshitratar.

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
  • 77
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $1,600 loan helped a member purchase maca root to be dehydrated.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011