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Ampliacion Villa El Polvorin Group
In this Group: Isidora, Rosario, Olinda Justina, Wilson Basilio, Miriam Viviana, Guillermo, Sabino
Mrs. Isidora C. is 48 years old, lives with her husband and has 3 children. More than 2 years ago she opened a clothes-making store together with her husband. They make men's polo shirts and take them to different departments of Peru to sell. At the beginning, they worked for different workshops, but thanks to their hard work and sacrifice they were able to buy sewing machines, overlockers and other items to later be able to have their own workshop like they had always dreamed. With the loan they will continue investing in fabrics to keep making t-shirts.
View original language description ↓
La Señora Isidora C. tiene 48 años vive con su esposo y tiene 03 hijos, desde hace mas de 02 años aperturo su taller de confecciones junto a su esposo, ellos se dedican a la elaboracion de polos para caballeros y lo llevan a vender a diferentes departamentos del Perú. En sus inicios ellos trabajaban para diferentes talleres pero gracias a su esfuerzo y sacrificio pudieron ir adquiriendo maquinas de cocer, remalladoras y otros para luego poder tener su propio taller como siempre lo habian soñado. Con el préstamo obtenido van a seguir invirtiendo en telas para poder seguir confeccionando polos.

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
  • 105
    View loans »
    Peru Loans Fundraising
  • $56,735,000
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ampliacion Villa El Polvorin Group's $2,275 loan helped a member to invest in the purchase of fabric to make polo shirts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
Apr 27, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011