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El Eden Group
In this Group: Juan Miguel, Vilma , Maritza , Candelaria , Luz , Marita , Juana , Elizabhet, Rosa Narida
A group with much desire to overcome and enthusiasm to achieve economic success, this is how the Alcancía Comunal El Edén communal bank is characterized. For more than 3 years now, the group has been maD. up of 9 members that dedicate themselves to various businesses. For example, 39-year-old Juan Miguel C., who is married and the father of two children who are still minors. Every day he takes care of the book and stationary supply store that is his business. He is also an electronics technician and has a small workshop in his home, which generates extra income and allows him to have more income. He started in this business because there was not any bookstore near the school in the area where he lived. With the effort of his work, he has been able to get his family ahead and proviD. an adequate education for his children. With the recent loan, he plans to invest it in school supplies, and in the future he plans to expand his bookstore in order to obtain greater income.
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Un grupo con muchos deseos D. superación y entusiasmo por lograr éxitos económicos, así se caracteriza la Alcancía Comunal El Edén conformado por nueve integrantes hace ya más D. 3 años, los cuales se dedican a diversos negocios económicos. Muestra D. ello es el señor Juan miguel C. D. 39 años casado y padre D. dos hijos a un menores D. edad, él como todos los días se dedica a la atención en la librería bazar que tiene como negocio, a su vez también es técnico electrónico y tiene un pequeño taller en su casa, el cual le genera ingresos extras y así poder tener mayores ingresos. El comienza en este negocio a raíz que no había ninguna librería cerca a un colegio por la zona en la que vive. Con el esfuerzo D. su trabajo a podido sacar adelante a su familia y brindarle una educación adecuada a sus hijos. Con el reciente préstamo piensa invertirlo en compras D. útiles escolares y en el futuro tiene planeado ampliar más su librería para a si obtener mayores ingresos económicos.

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
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Eden Group's $2,425 loan helped a member to buy school supplies to stock his store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Apr 3, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011