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Ciudad Real Group
In this Group: Rufino, Modesta , Margarita , Fany , Liz Elizabeth , Clara , Julian
Rufino Martínez is 45 years old and lives in Santa Anita district. He has an 18 year-old son who is still in his care and he pays for his studies. Rufino works as a public transport driver every day. He has been in this work for more than 12 years. He started his business when a family member suggested he buy a small vehicle which was available at a low price as it was a used vehicle. This is how he started his work driving his own vehicle. This business has been very rewarding financially and has enabled him to support his household and educate his son who will soon start university. In the future, he would like to leave this business and set up a butcher's shop.

Rufino will use this loan to invest in having his vehicle painted and having some technical checks done on it. Just like Rufino Martínez, each member of this group has a future goal and a great desire to get ahead and provide their households with the best financial stability possible.
View original language description ↓

Rufino Martínez tiene 45 años de edad y vive en el distrito de Santa Anita tiene un hijo de 18 años de edad el cual aun esta a su cuidado y le brinda los pagos para sus estudios, Rufino cada día se dedica al manejo de transporte público hace mas de 12 años y comenzó a ráiz de que un familiar le propuso comprar una pequeña movilidad a un bajo precio ya que era un vehículo usado. Es así como comienza en este trabajo de chofer de su propio vehículo el cual le a dado muchas satisfacciones económicas y poder sustentar su hogar y darle estudios a su hijo que prontamente entrara a la universidad, en el futuro le gustaría dejar este trabajo y poner una carnicería. Con el reciente préstamo lo invertirá en pintar su vehículo y pasar unas revisiones técnicas. Como el señor Rufino Martínez cada integrante de esta agrupación tiene una meta a futuro y un gran deseo por salir adelante y poder dar a sus hogares la mejor estabilidad económica posible.

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,557,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ciudad Real Group's $2,125 loan helped a member to have his vehicle painted and to have some technical checks done on it.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2011