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La Union Es Progreso Group
In this Group: Ofelia Margarita , Maria Carmen , Elvira Guadalupe , Marleni Milagros , Betty , Joel , Beatriz , Nicolasa
Ofelia Margarita is 56 years old. She is a member of the La Unión es Progreso communal bank. She is a single mother and she has two children. The older son works independently and the younger son is studying at a state school. Ofelia wakes up early in order to prepare breakfast for her children and send them off for the day. She has a store where she sells vegetables, condiments, meats and other products all day. She is requesting a loan in order to increase and stock up on her products. The loan is for 1000.000 Nuevos Soles.
View original language description ↓
La señora Ofelia Margarita D. 56 años D. edad, es socia D. la Alcancía comunal La Unión Es Progreso, Ella es una madre soltera que tiene dos hijos el hijo mayor tiene un trabajo independiente, el hijo menor cursa en el colegio del estado. La socia se levanta a tempranas horas D. la mañana para que pueda preparar el desayuno para sus hijos y enviarle al colegio, la socia tiene una bodega comercial quien se dedica todo el día en la venta D. verduras, condimentos, carnes y otros. Solicito el préstamo para que pueda incrementar y surtir sus productos.
Préstamo es D. s/. 1000.00 Nuevo Soles.

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
  • 50
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Union Es Progreso Group's $2,025 loan helped a member to sell grocery and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011