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La Nueva Esperanza Group
In this Group: Elga Socorro*, Natividad Enma, Maria Del Rocio, Cecilia, Lida, Olga Lidia, Adela , Estrella Argentina
* not pictured
Elga belongs to the La Nueva Esperanza communal bank, made up of eight members who are all neighbors who live in the same neighborhood. Something that characterizes them is the effort they make daily to get ahead and give their homes economic improvement. Elga is an example of this. She is 25 years old and lives with her partner, and is the mother of two minor children who depend on her and her partner.

She works selling clothing in a small stall that she was able to get through her mother-in-law who also works in the same business. It has been more than three years already that she has been working in this economic activity. She also sells beauty products in her free time. Thanks to her work she has received great satisfaction, such as the education of her children and the construction of her home.

With the recent loan she plans to invest in buying merchandise such as polo shirts and pants.
View original language description ↓
Elga, pertenece a la alcancía comunal La Nueva esperanza conformada por ocho integrantes, los cuales son todos vecinos ya que viven en el mismo barrio. Algo que las caracteriza es el esfuerzo que realizan diariamente por salir adelante y dar una mejora económica a sus hogares, muestra de ello es la señora Elga de 25 años de edad conviviente y madre de dos hijos que son menores de edad y dependen de ella y su conviviente. Ella se dedica a la venta de ropa en un pequeño puesto que pudo conseguir por medio de su suegra que se dedica también a lo mismo, hace ya más de 3 años que se dedica a esta actividad económica, También vende productos de belleza en sus ratos libres, gracias a su trabajo le ha dado muchas satisfacciones una de ella es la educación de sus hijos y la construcción de su vivienda. Con el reciente préstamo lo piensa invertir en la compra de mercadería como son polos y pantalones.

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
  • 128
    View loans »
    Peru Loans Fundraising
  • $57,919,550
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza Group's $2,875 loan helped a member to buy polo shirts and pants.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Dec 24, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012