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El Eden Group
In this Group: Juana, Vilma Anita, Maritza, Candelaria Yrene, Juan Miguel, Marita, Elizabeth, Rosa Nerida
This group has a lot in common, including enthusiasm for moving ahead with their own businesses. The communal bank is called "El Edén", and is characterized by success. It was started by 8 members, two years ago. The members work in various businesses.

For example, Señora Juana S. is a member of this communal bank. Señora Juana is 38 years old, and is the mother of two children who are still financially dependent. She saw a way of progressing financially through selling food in the mornings, and also is helped by selling vegetables and toys. She has been working in this field with great attention for more than twelve years, and it has given her and her family much satisfaction.

With her recent loan, she will invest in purchasing toys for the upcoming Christmas season.

Like Señora Juana, the rest of the members each have their own story, but they all share the same level of care and accomplishment that they undertake each day for the well-being of their families.
View original language description ↓
Un grupo con mucho en común que es el entusiasmo por surgir en los negocios propios, así es el Edén una alcancía comunal con características D. éxito. Conformado por 8 socias hace más D. 2 años. Cada integrante se dedica a diversos comercios, tal es así el caso D. la señora Juana integrante D. dicha alcancía, la señora Juana con 38 años D. edad madre D. dos hijos que aun dependen D. ella, vio la forma D. surgir económicamente con la venta D. comida por las mañanas, también con el apoyo D. ventas D. verduras y D. juguetes. Lleva más D. 12 años dedicándose con esmero a este oficio el cual le ha dado muchas satisfacciones para ella y su familia. Con el reciente préstamo lo invertirá en la compra D. juguetes para la campaña naviD.ña ya que se acerca pronto. Como la señora Juana el resto D. los integrantes tiene una historia en particular que contar, pero todas coinciden en el esmero y el desempeño que realizan cada día por el bienestar D. sus familias.

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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Eden Group's $3,075 loan helped a member to buy toys for the upcoming Christmas season.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 7, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012