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Union Progreso Group
In this Group: Maria Lourdes, Myrian Nidia, Maria Felicita, Editha Mery, Mariela Soledad, Cecilia, Lucy Rosmery, Carmen Rosa, Maria Cecilia, Carole Maribel, Jenny Felicia
Carole is a member of the “Unión Progreso” community bank. This bank has 11 members who are engaged in different commercial activities. Carole is 30 years old and has one child who is solely dependent on her as she tells us that she is a single mother. Carole currently sells gelatin desserts and drinks from her sales location which is based on a sports court She also sells clothes as this way she is able to make more profits for herself and her little one. This is how Carole has got ahead in life, by working hard.

Carole's wish is to finish re-building her home as it is currently only built from pre-fabricated material (wood). She plans to invest her loan in her clothes business, buying pants, tops, jackets and blouses. The members of the "Unión Progreso" community bank are grateful for the help they are being given.
View original language description ↓
Carole es integrante D. la Alcancía Comunal “Unión Progreso” la cual está conformado por 11 socios dedicadas a diversas actividades comerciales. Carole tiene 30 años D. edad y tiene 01 hijo la cual solo depenD. D. ella ya que nos comenta que es madre soltera, actualmente se dedica a la venta D. gelatinas, bebidas donD. su lugar D. venta se centra en una losa deportiva, también se dedica a la venta D. ropa pues D. esa manera genera mayores ganancias para ella y su pequeño, es D. esta manera como Carole ha salido adelante, trabajando arduamente. El deseo D. Carole es D. terminar D. construir su vivienda ya que por el momento solo es D. material pre-fabricado (madera). Con el crédito que solicito piensa invertir en su negocio D. ropa comprando pantalones, polos, casacas y blusas. La Alcancía Comunal “Unión Progreso” están agradecidos por la 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
  • $53,963,900
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Progreso Group's $2,650 loan helped a member to buy pants, tops, jackets and blouses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2011
Listed
Sep 23, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012