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Dios Es Amor Group
In this Group: Hilda Victoria, Maria Maximina, Leydi Diana, Yrene Maria, Eusebio Jose, Maria , Lucia, Estela Irma, Sofia Irene*, Zonia Luz, Martin Teofilo, Gloria Cristina
* not pictured
Maria is a member of the "Dios es Amor" ("God is Love") communal bank. She is a single mother with 5 children and works as street vendor. She has been selling fruits, soft drinks and sweets in the Corcona area for over 20 years. She started with her sisters in order to make a profit, as the area is in the route that travellers take to get to the centre of the country.

Maria will invest in the purchsae of seasonal fruit such as peaches, pears, grapes and apples, which she will sell at a good price. She wants to improve her home and for her youngest son to finish school. If she had more capital she would invest it in opening a store in her house.

The "Dios es Amor" communal bank has 12 members who work in informal traD. and gave this name to the association because they believe in God. The are keen to participate in the program for the first time and are grateful for this opportunity. In the picture you can see three children whose parents had to bring them along on the day as they cannot be looked after by family members.
View original language description ↓
María es integrante D. la Alcancía Comunal “DIOS ES AMOR” es madre soltera y tiene 5 hijos, trabaja como vendedora ambulante D. frutas, gaseosas y confitería en la zona D. corcona hace mas D. 20 años, ella se inicio junto a sus hermanas con el afán D. obtener ganancias ya que el transitan viajeros al centro del país. María invertirá en la compra D. frutas D. estación como duraznos. tunas, uvas y manzanas para vender a buen precio. Ella desea mejorar su vivienda y que su hijo menor culmine sus estudios. Si tuviera más capital invertiría en apertura una bodega en su casa. La Alcancía Comunal “Dios es Amor” tiene 12 integrantes que se dedican al comercio informal y denominaron su asociación así por ser creyentes D. Dios. Están entusiastas D. participar por primera vez en el programa y agradecen la oportunidad brindada. En la fotografía apreciamos a tres niños sus padres tuvieron que traerlos porque no cuentan con el apoyo D. familiares a fin D. cuidarlos

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
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Es Amor Group's $1,875 loan helped a member to buy fruit such as peaches, pears, grapes and apples.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Mar 12, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011