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El Algodonal Florece Group
In this Group: Cesia, Maria Ysabel, Elizabeth Soledad, Delia Blanca , Marina, Julia Sonia, Rufina Luisa, Segunda Juana, Lucila Felicita, Rosa Maria, Teresa, Gladys Edith*
* not pictured
“Matizados Omar” is the business owned by Sra. Rosa that is named after her oldest son. She is a member of the group “El Algodonal Florece” (The Cotton Blossom), which consists of twelve members and is one of the largest and most enthusiastic of EDAPROSPO. Rosa’s husband is an employee at a paint factory and sells paint on credit and at low cost. Together they opened their business from a small stand at the local market. Eventually the demand for paint grew, so they had to find a larger location in a more centralized part of the city and have done very well.


Rosa is in charge of managing and perfecting the business. Her goal later on is to have more money so that she can buy a store because she currently rents her location. With the money from this loan, she will buy more paints in bulk in order to get them at lower cost.


*Rosa ValverD. is seated fourth from the right, wearing a black polo shirt and jeans. Also pictured is Sr. Cano, who is a guest.

View original language description ↓
MATIZADOS OMAR” así se llama el negocio D. la señora Rosa le puso ese nombre por su hijo mayor, ella es miembro del grupo “EL ALGODONAL FLORECE” que esta integrado por 12 miembros es uno D. los grupos mas grandes y entusiastas D. EDAPROSPO, el esposo D. Rosa trabaja en una fabrica D. pinturas y por ser empleado le ofrecían las pinturas a crédito y menor costo fue así que juntos decidieron empezar el negocio D. matizados y venta D. pinturas en general, abrieron su negocio en un pequeño puesto D. un mercado D. la zona posteriormente al crecer la demanda D. pinturas tuvieron que buscar un local mas granD. fue así que encontraron un lugar mas céntrico en la ciudad, donD. le va muy bien, rosa es la que se encarga D. la tienda ella la administra y se dedica por completo a ella, su meta mas próxima es juntar mas dinero para lograr comprarse la tienda que por ahora alquila, lo que hará con el dinero D. su préstamo es comprar mas pinturas ya que comprando por cantidad le sale a menor costo.

*Rosa ValverD. es la cuarta D. la derecha D. las sentadas viste polo negro y pantalon jean,tambien esta en la foto el Sr. Cano como invitado.

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
  • 55
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Algodonal Florece Group's $4,150 loan helped a member purchase paints in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Dec 19, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011