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Las Hormiguitas Group
In this Group: Judith Eugenia, Meliton, Leidy Betsy, Julia, Ana Maria, Rosa Linda*, Adriana Elena, Lucy Celita, Florinda Pilar
* not pictured
The community bank "Las Hormiguitas" ("The Little Ants") is a united group made up of nine members, both men and women, who have been working with the Programa Prosperidad ("Prosperity Program") for eight months. Julia is 50 years old and married with four children, one of whom she continues to support, as he is stil in school. In the photo she is on the right hand side in a fuschia blouse and with short hair; she is at the side of the woman in the black shirt and red pants.

For more than 25 years, Julia has worked selling food from a rented spaces. Thanks to her business, Julia has been able to improve her living space, and she is now buying her own property. Julia's wish is to finish the construction of her home. WIth the goal of improving her business, she is applying for a loan to buy tables, silverware, and a microwave, and in this way, provide her customers with a better experience. The "Las Hormiguitas" community bank are thankful for and dedicated to their working relationship with the Programa Prosperidad. For work-related reasons, Rosa, one member of the group, was not able to be present for the initial distribution of capital (when the photo was taken).
View original language description ↓
La alcancía Comunal “Las Hormiguitas” es un grupo unido que está conformado por 09 socios entre hombres y mujeres la cual lleva trabajando 08 Meses con Edaprospo.
La Sra. Julia tiene 50 años de edad es casada y tiene 04 hijos la cual sigue apoyando a 01 de ellos, ya que está en etapa escolar, en la fotografía se ubicada a lado derecho, ella viste una blusa color fucsia y tiene el cabello corto, esta al costado de la señora que viste un polo negro y pantalón rojo.
Hace más de 25 años que la Sra. Julia se dedica a la venta de comida, en un local alquilado, gracias a su negocio la Sra. Julia ha podido mejorar su calidad de vida.
Con el fin de mejorar su negocio solicito el crédito para la compra de mesas, cubiertos y un horno microonda y de esta manera brindarles una mejor atención a sus clientes.
La Sra. Rosa no pudo estar presente en el desembolso por motivo de trabajo.

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
  • 82
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Hormiguitas Group's $3,150 loan helped a member para la compra de mesas, cubiertos y un horno microonda.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012