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Las Estrellitas De San Antonio Group
In this Group: Segundo Orlando, Margarita, Teresa, Martha Magda, Teresa, Francisca, Blanca Amelia
Segundo is an enterprising young man who is a member of the "Las Estrellitas D. San Antonio" (The Little Stars of San Antonio) community bank. He and his common-law wife work selling plastic products such as tubs and buckets, and pottery items such as plates and vases. As it is necessary to make income in order to support his three children, he also works as a cook or waiter in several restaurants. His dream is to expand his business and improve his home. He is currently responsible for his household expenses together with his partner.

Segundo will invest this loan in buying pottery items in general and plastic products such as cans, buckets and tubs. In the photo we can see six members of the community bank and one of the members is accompanied by her daughter. Mrs Martha Magda Sánchez B. arrived late to the disbursement of funds for work reasons.
View original language description ↓
Segundo es un joven emprendedor integrante D. la Alcancía Comunal “LAS ESTRELLITAS D. SAN ANTONIO” Se dedica conjuntamente con su conviviente a la venta D. productos D. plásticos como tinas, baldes y además artículos D. locería como platos, floreros. Como es necesario tener ingresos para mantener a sus 3 niños paralelamente trabaja como cocinero o mozo en diversos restaurantes, su sueño es llegar a ampliar su negocio y mejorar su vivienda, actualmente asume los gastos del hogar con su esposa. Este prestamos será invertido en la compra D. locería en general y plásticos como: bidones, baldes y tinas. En la fotografía podemos apreciar a seis socios D. esta alcancía comunal y una D. las socias acompañada D. su niña. La señora Sánchez B. Martha Magda llegó tarD. al desembolso por motivos D. trabajo.

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
  • 100
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Estrellitas De San Antonio Group's $1,800 loan helped a member to buy pottery items in general and plastic products such as buckets, cans and tubs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2011
Listed
Feb 26, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2011