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Acuario Group
In this Group: Nelva, Proselita , Yoni Noe , Raquel Elena *, Juan , Ana Maria , Sergia
* not pictured
A group with good ideas and who work very hard to realize them-- this is how to describe the Acuario Community Bank, maD. up of seven members who live in the Vitarte district. One special story is that of Mrs. Melva C., age 57, who is married with three children. She has rented rooms in her house for over 14 years and also has a vehicle that she rents for public transportation. She started this business because she has a large house with many unoccupied rooms, so she decided to rent them out in order to generate an income. With time and a lot of work she was able to start this business and gain economic stability and an education for her children. In the future she would like to have a store to sell auto lubricant. We cannot concluD. this description without mentioning the hard work and dedication of each member of this group to the well-being and financial improvement of their families.
View original language description ↓

Un grupo con buenas ideas D. trabajo y muy empeñosos al realizarlos, así se caracteriza la alcancía comunal Acuario conformada por siete integrantes que viven en el distrito D. Vitarte. Una historia en particular es D. la Sra. Melva C. D. 57 años D. edad casada y con tres hijos, ella se dedica al alquiler D. cuartos en su casa hace más D. 14 años y a su vez tiene una movilidad que renta para transporte público. Comienza en este trabajo a raíz D. que tiene una casa amplia y tenía muchos cuartos desocupados es así que deciD. alquilarlos para así poder generar ingresos y con el tiempo y mucho esfuerzo a podido implementar su hogar y darse una estabilidad económica, como así también estudios para sus hijos. En el futuro le gustaría tener un puesto D. venta D. lubricantes para autos. No puedo concluir sin antes mencionar el esfuerzo y la dedicación que realiza cada integrante D. este grupo para el bienestar y mejoría económica para sus familias.

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 Acuario Group's $2,200 loan helped a member to improve the rooms that she rents.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2011