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Union Por El Progreso Group
In this Group: Campos Laura , Rosa Maria, Marisol Olivia, Jacinta, Silena Edith, Felix Simon*, Dominga
* not pictured
Moisés is married and has three school age children. He’s 40 years old and is currently the President of the “Unión por el Progreso” (Unity for Progress) communal bank, a bank that has 7 members involved in various commercial activities.

Moisés has been working driving his own mototaxi for the past two years. This job emerged when he lost the job he had in a firm where he used to work. However, his desire to get ahead was greater than his problems and this is how today he has managed to improve his income which has led to his building his house and provide his family with a better quality of life.

With the aim to continue growing he has requested a new loan to cover the cost of his children’s school supplies. We know that Moisés will meet his goals with much work and effort and that Edaprospo loans will help him.
View original language description ↓
El Sr. Moisés es casado, tiene 3 hijos en edad escolar y tiene 40 años de edad, actualmente asume el cargo de presidente en la alcancía comunal “Unión por el Progreso” grupo conformado por 7 socios que se dedican a diversas actividades de comercio. Moisés trabaja desde hace 2 años como chofer en una Moto taxi propia, este trabajo surge a raíz de que lo despidieron en la empresa donde trabajaba, pero sus deseos de superación eran mas grandes que sus problemas y es así que hoy en día a logrado mejores ingresos económicos, que le ha permitido construir su casa, y brindarle a su familia una mejor calidad de vida, con el fin de seguir creciendo a solicitado un nuevo préstamo para comprar útiles escolares para sus hijos . Sabemos que Moisés cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de Edaprospo le ayudaran.

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
  • 82
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Por El Progreso Group's $1,975 loan helped a member to buy school supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2011
Listed
Feb 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2011