Check out some available loans that are similar to this one!
Nueva Amistad De Huascar Group
In this Group: Clemencia, Margot Cecilia, Sonia Miluska, Julia Patricia, Cristina Karin*, Luz Maria, Yoselin Justina
* not pictured
Clemencia belongs to the "Nueva Amistad de Huascar" Community Bank. This group is made up of 7 people who all decided to bestow the post of group president upon her. This group has already been working with Edaprospo-Prosperidad for 7 1/2 years. It was formed on the advice of a friend of Clemencia's, and Clemencia searched for people to form the group. Clemencia is 43 and is a single mother of 4 children, of whom 2 are dependent (minors), and 2 are independent (of legal age). Clemencia has worked in a craft workshop for 15 years and makes earrings and necklaces. With her income from this business, she has been able to stock her house with items- furniture, cabinets, a stove, a microwave, a tv, etc. Clemencia plans to invest this loan from Edaprospo-prosperidad in her art workshop, but her dream is to be able to export her products in order for her business to grow.
View original language description ↓
NUEVA AMISTAD DE HUASCAR

Clemencia pertenece al grupo de Alcancía Comunal “NUEVA AMISTAD DE HUASCAR” este grupo esta conformado por 7 personas que por decisión del todo el grupo le otorgaron el cargo de presidenta este grupo tiene ya 7 años ½ trabajando con Edaprospo-Prosperidad este grupo se forme por el aviso de un amigo de la presidenta y así la presidenta fue buscando gente cumplida para formar el grupo.
Clemencia tiene 43 años de edad es madre soltera de 4 hijos los cuales 2 son dependientes (menores de edad) y 2 son independientes (mayores de edad) Clemencia tiene ya 15 años trabajando en un taller de artesanía y confecciona aretes y collares y asta la fecha con el ingreso de dinero que le brinda su negocio a logrado equipar su casa con artefactos y artículos del hogar – (muebles, cómodas, cocina, microondas, TV) Clemencia tiene pensado invertir el préstamo que le a brindado Edaprospo-prosperidad en su taller de artesanía pero su sueño de Clemencia a es poder exportar sus productos de artesanía y así su negocio podrá crecer.

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
  • 129
    View loans »
    Peru Loans Fundraising
  • $57,372,500
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Amistad De Huascar Group's $1,575 loan helped a member investment in an art workshop.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 22, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011