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Sol Radiante De Huaycan Group
In this Group: Mercy Marilu, Gloria Maria, Demetria, Rosario, Lidia Yolanda, Erlinda, Faustina Eugenia, Hermelinda Isabel, Esmeralda Violeta
Mercy lives with her partner and has one school-age child. She is a member of the 'Sol Radiante de Huaycan' (Brilliant Sun of Huaycan) community bank. This group has nine members who all work in commerce. Mercy works in her own stationery store where she sells pencils, exercise books, paper and office supplies. She has been in this business for one year. She started her business because she wanted to provide a better quality of life for her son and also make better income because her partner earns minimum wage.

Thanks to her effort and commitment, Mercy has been able to buy small appliances and her son studies in a private school. She was granted a loan to buy merchandise to stock her business. We know that Mercy will accomplish her goals with a lot of work and effort and that Edaprospo's loans will help her.
View original language description ↓
La Sra. Mercy es conviviente y tiene 1 hijo en edad escolar, Mercy es integrante de la alcancía comunal “Sol Radiante de Huaycan” grupo conformado por 9 socios que se dedican a actividades de comercio, Mercy trabaja en su propia librería donde vende lápiz, cuadernos, papel, utiles de escritorio, desde hace un año, este trabajo surge a raíz de ella quería darle una mejor calidad de vida a su hijo y a su vez conseguir mejores ingresos ya que su pareja gana sueldo mínimo. Mercy gracias a su esfuerzo y dedicación se ha comprado artefactos y su hijo estudia en un colegio privado. El préstamo que se le otorgo fue para comprar mercadería para implementar su negocio. Sabemos que Mercy cumplirá sus metas con mucho trabajo y esfuerzo y que los préstamos de Edaprospo la 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

  • $12,000
    Average annual income
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Radiante De Huaycan Group's $2,850 loan helped a member to buy merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011