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Maria Elena  Moyano Group
In this Group: Jose , Janet Isabel , Sonia Maribel , Carmen Rosa , Violeta , Kharym , Jose Luis , Aurelia , Priscilla , Katherine
The communal bank "María Elena Moyano" is a successful group of ten individuals that was started six years ago. Every member of the group has a purpose and a goal in life which is to grow their businesses in order to provide economic stability for themselves and for their families.

This is the case with José U., age 48, who is married and has three children. Jose works every day to provide catering services for weddings, family reunions, and so on. He started in this line of work because his son was studying Peruvian cooking, and this provided an opportunity to start a family business.

With time, Jose was able to grow and develop his business, purchasing new and varied kitchenware and furnishing for the buffet services he provides. In the future, he would like to keep growing the business and expand into new areas. Jose will use the current loan to purchase ingredients for the preparation of dishes and desserts.
View original language description ↓
Un grupo con características de éxito y empuje para los negocios a si se denomina cada integrante de la alcancía comunal María Elena Moyano conformada por diez integrantes hace más de 6 años. Cada integrante de dicha alcancía tiene un propósito y un objetivo en la vida el cual es el surgimiento de sus negocios para una estabilidad económica para ellos y sus familias. Tal es así el caso del señor José U. de 48 años de edad casado y padre de 3 hijos, él como todos los días se dedica a la venta de buffet para eventos como en matrimonios y reuniones familiares etc., el comenzó en este trabajo a raíz que su hijo estudia gastronomía peruana, y a si pudo hacer de este comercio un negocio familiar. Con el paso del tiempo ha podido incrementar su negocio y a su ves remodelarlo comprando insumos nuevos y variados, como menajes y enseres para los buffet. En el futuro le gustaría seguir ampliando su negocio y expandir por nuevas zonas de trabajo, con el reciente préstamo lo invertirá en compra de suministros para la preparación de comidas y postres.

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
  • 86
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Elena Moyano Group's $1,925 loan helped a member to purchase ingredients for food preparation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2011
Listed
Apr 28, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2011