Check out some available loans that are similar to this one!
Yahve Yire Group
In this Group: Ana Maria, Marlene, Miguel Angel, Gustavo, Viviana Maria, Sonia Elvira, Rosa Del Pilar
Yahve Yire is a new communal bank composed of seven very enthusiastic members who have high expectations because they plan to invest the loan they got in businesses or to set them up.

Ana María, 38, is the President. She’s married and has three children. She’s been a Cosmetologist for 18 years. She tells us that she started out with just a little table and mirror and the basic tools to cut hair in a rented space. However, as a result of her hard work she was able to buy her own locale five years ago.

Currently she’s well established professionally and she’s been able to expand her business. At the same time, however, she’s sad because she has a 10 year old son who is still in treatment because of kidney disease at such a young age.

Ana María hopes to buy an electric hair clipper and the loan will be used to acquire products like hair dyes. Her dream is to have her own beauty spa.

Her daughter is studying Dermatologic Cosmetics and when she finishes will help Ana María in her beauty salon so that gradually she can reach her goal of opening a spa.

The members of the new communal bank “Yahve Yire,” which means The Lord Will Provide, are committed to making their businesses grow.
View original language description ↓
Yahve Yire, es una nueva Alcancía Comunal conformada por 7 integrantes muy entusiastas y con muchas expectativas, ya que piensan invertir el crédito que se les entregó en sus negocios o implementarlos. Ana María es la presidenta, tiene 38 años de edad es casada y tiene 3 hijos, ella es cosmetóloga desde hace 18 años, nos cuenta que empezó con un espejo una mesita y lo básico para cortar cabellos y en un local alquilado pero con el resultado de su arduo trabajo logro comprar un local propio hace 5 años. Actualmente ella se siente establecida profesionalmente, ya que logro ampliar su negocio, pero esta triste a la vez por que tiene un hijo de diez años que sigue un tratamiento porque esta mal de los riñones a su corta edad. Ana María anhela comprar una maquina eléctrica para cortar cabellos y el crédito será invertido en adquirir productos como tintes para el cabello. Su sueño es tener su propio Spa de belleza. Su hija estudia cosmética dermatológica, y terminando ayudará a Ana María en su salón de belleza para así poco a poco lograr su objetivo de poner un Spa . Los integrantes de la nueva Alcom “Yahve Yire” que significa El señor Proveerá están comprometidos a hacer crecer sus negocios.

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
  • 72
    View loans »
    Peru Loans Fundraising
  • $55,956,875
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Yahve Yire Group's $900 loan helped a member to buy hair dyes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2011
Listed
Feb 19, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2011