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La Amistad Group
In this Group: Amelia Velia, Valeria Teodora, Soledad Jessica, Maria Antonia, Yajaira Andrea*, Reymundo*, Maruja, Sofia Apolinaria, Jeni Vilma, Norma Ofelia
* not pictured
The Amistad Community Bank is maD. up of ten united and responsible people. The group was formed five months ago with Sra Amelia as president.

Sra Amelia is 57 years old, married, and has six grown children. In the past she worked as a cook in a restaurant, but a year ago she decided to start her own business. Now she sells fried food (hot dogs, hamburgers etc) which she sells every day outsiD. her home. The money she earns has allowed her to help her husband with household expenses.

She now wishes to open a grocery store in her home where she can sell a range of products. With this latest loan she is planning to buy items for the store such as potatoes, chicken, oil etc.

The Amistad Community Bank is grateful for the support that is provided.
View original language description ↓
L. Alcancía Comunal”L. Amistad” está conformado por 10 personas unidas y responsables L. cual está formada hace 05 meses donD. L. Sra. Amelia L. presiD..
L. Sra. Amelia tiene 57 años D. edad es casada con 06 hijos independientes, anteriormente Amelia trabajaba en un restaurante como cocinera, hace 1 años tomo L. decisión D. iniciar su propio negocio así que con L. ayuda D. su esposo y con el buen uso que le dio a sus ingresos pudo iniciar su propio negocio, actualmente se dedica a L. venta D. frituras (salchipapas, hamburguesas, alita broster) L. cual las venD. todos los días en las afueras D. su vivienda, trabajo que le ha permitido ayudar a su esposo con los gastos D. su hogar. El deseo D. Amelia es D. instalar una bodega en su casa L. cual pueda ofrecer variedades D. productos. Con el último préstamo piensa invertir en su negocio comprando insumos como papa, pollo, aceite, etc. L. Alcancía Comunal “L. Amistad” agradece L. ayuda brindada.

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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,968,650
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Amistad Group's $1,300 loan helped a member to buy potatoes, chicken, and oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Aug 29, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012