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Maria Rafaela
View original language description ↓
María lost her previous employment when the street vendor area was removed by the Town Hall. She decided to purchase a stall in the market near her home.



This was ten years ago, and she is very proud of her accomplishments as a businesswoman. Her clothes stall is one of the largest in the market and she has a loyal client base.



María´s dream is to purchase a fleet of vehicles to create a taxi company. Recently she purchased a new taxi which her son-in-law is driving. Soon she will purchase her second cab. María is 62 years old, but she is full of vitality and wants to see her dream fulfilled with her daughter.



Translated from Spanish by Henry Corral, Kiva volunteer.

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.

About Peru

  • $12,000
    Average annual income
  • 95
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Maria Rafaela downpayment for a new taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 12, 2008
Listed
Feb 19, 2008
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2009