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Ciudad Real Group
In this Group: Fany, Modesta, Rufino Ledgardo, Liz Elizabeth, Clara Lucila, Julian Cipriano
Perseverance, initiative and the desire for growth by pushing ahead are part of the fundamental characteristics of the community bank Ciudad Real, formed by six members, mostly women, more than five years ago. This group has been working from a constantly developing place, each member individually.

An example of this is Fany who is 33 years old, living with a partner and the mother of two young children. She gets up very early every morning in order to prepare food to sell in the market This is her source of income for the home, which has given her much satisfaction for the long twenty years that she has had her business which she began with her mother. With this latest loan she would acquire an awning and she would buy food.

Each member has a particular story of good and bad times throughout their lives, but all of them illustrate every day the desire to prevail for the welfare of their families and businesses.
View original language description ↓
Perseverancia, iniciativa y deseo de desarrollo por salir adelante son parte de las características primordiales de la alcancía comunal Ciudad real, conformado por 6 integrantes en su mayoría mujeres desde hace mas de 5 años, este grupo viene trabajando de forma paraje y en constante desarrollo, cada integrante en forma individual, muestra de ello es la señora Fany de 33 años de edad, conviviente y madre de 2 hijos de los cuales los dos son menores de edad. Ella se levanta todas las mañanas muy temprano para preparar la comida que vende en el mercado que tiene como fuente de ingresos para su hogar, el cual le ha dado muchas satisfacciones a lo largo de 20 años que es el tiempo que tiene su negocio que comenzó con su mama. La señora Fany emprende este negocio para poder sacar adelante a su familia. Con el reciente préstamo implementara un toldo y comprara alimentos. Como ella cada integrante tiene una historia en particular con buenos y malos momentos a lo largo de sus vidas pero, si en algo coinciden es el deseo de superación que demuestran todos los días por el bienestar de sus familias y negocios.

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
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ciudad Real Group's $1,825 loan helped a member to buy an awning and food to sell at the market.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Dec 18, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012