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Las Nazarenas Group
In this Group: Nelly Olga, Felicita*, Katherine, Silvia Jhoana, Erika Victoria, Hilda Luisa, Cynthia Lizbeth
* not pictured
Sra. Nelly is a member of the group “Las Nazarenas” (The Nazarenes), which was formed five months ago and consists of seven friends and neighbors. It was founded by the director of the Nazarene School where their children attend.


Nelly is 29 years old and lives in Huaycan. She is in a common law marriage and has three children (ages 9, 3, and 2). She has been working with EDAPROSPO for six months and makes furniture from her store called “Mueblería Nelly” (Nelly’s Furniture Store) which she started two years ago. Her father is a carpenter who is elderly, so she has started to take charge of the workshop. She wants to open a furniture stand in the future, an idea she had when she joined the group. Nelly knows that she will have to save more money and request continued assistance from EDAPROSPO to achieve her goals.

View original language description ↓
La Sra. Nelly forma parte del grupo “Las Nazarenas”, conformado desde hace 5 meses por 7 amigas-vecinas y fue conformado en sus inicios por la directora del colegio “El Nazareno” donde asisten sus hijos, Nelly tiene 29 años y vive en Huaycan, esta conviviendo y tiene tres hijos de 09, 03 y 02 años. Ella tiene seis meses trabajando con Edaprospo y fábrica Muebles en su mueblería llamado “Mueblería Nelly” desde hace dos años, su padre es carpintero y tiene una avanzada edad por lo que ella comenzó a encargarse del taller. Ella desea abrir su Stand de muebles en el futuro y para esto fue que se unió al grupo, mas también sabe que tendrá que ahorrar y pide a Edaprospo siga haciéndole habilitaciones para cumplir sus metas.

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
  • 106
    View loans »
    Peru Loans Fundraising
  • $56,740,750
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Nazarenas Group's $2,525 loan helped a member purchase supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2010
Listed
Jan 5, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011