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Su Santidad Fuerza Y Exito Group
In this Group: Rosmery Isabel, Veronica Beatriz, Lynn Eladio, Alex Moer, Margarita, Cristian Joel, Elizabeth Del Rocio
Margarita is the president of the communal bank “His Holiness Strength and Success.” The members named the group by combining the motto “Strength and Success,” which represents the group’s goals, with the area’s name “His holiness Pope John Paul II.” Margarita lives with her partner and has 4 children, 3 of whom work independently. She runs a store from her home where she sells all kinds of products, from basic necessities to gifts and little things typical of a bazaar. Margarita began selling soft drinks 11 years ago, motivated by the need to cover her family’s basic expenses. Little by little, Margarita’s small business selling soft drinks grew to become her own store. She also sells beauty products by catalog and, adding up all this effort, she has been able to buy land in Ventanilla. Now she dreams of building her own home there and renting it out to generate more income, and later she would like to open another business. The current loan will be used to buy beer and soft drinks because the hot season has begun.
View original language description ↓
La Sra. Margarita es la presidenta de la Alcancía Comunal “Su Santidad Fuerza y Éxito” el nombre del grupo lo eligieron las socias mezclando el lema “Fuerza y éxito” que representa la unión y las metas que quieren lograr al agruparse, y el nombre de su zona “Su santidad Juan Pablo II”. La Sra. Margarita es conviviente, tiene 4 hijos de los cuales 3 ya trabajan independientemente; y cuenta con una bodega en su casa donde vende todo tipo de productos desde los insumos de primera necesidad hasta regalos y pequeñas cosas típicas de un bazar.
La Sra. Margarita empezó hace 11 años vendiendo gaseosas motivada por la necesidad de cubrir los gastos diarios de su familia. Poco a poco y luchando por no chocar con el capital por alguna eventualidad en su hogar, la Sra. Margarita pudo crecer hasta convertir su pequeño negocio de gaseosas en su propia Bodega. También se dedica a la venta de productos de belleza por catálogo y sumando todo ese esfuerzo es que ha conseguido comprar un terreno en Ventanilla. Ahora sueña con construir su casa allí y por el momento alquilarlo para generar más ingresos, pero más adelante desea abrir un negocio más. El préstamo actual será utilizado en comprar cerveza y gaseosa porque la temporada de calor ya empezó.

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
  • 112
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Su Santidad Fuerza Y Exito Group's $1,675 loan helped a member buy beer and soft drinks to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012