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Buscando Un Futuro Group
In this Group: Monica Madeleine, Rufina, Judith Luz, Elena Beatriz, Elena, Sonia Deda, Esmerita
Esmerita, 24, lives with her partner and has two minor children. She has been working for two years in the business of handcrafted fabric. She began with the help of one of her friends, who recommended she get involved in the handicraft business because she had talent for it. She also has been a seamstress for nine months, a business that also is profitable for her.

With much effort and work, Esmerita has been able to buy her plot of land where she plans to build her house. Currently her income is dedicated to food and clothing expenses. Her plan for the future is to open a store in her home.

She plans to use the recent loan to buy materials to make bracelets since she has many orders because of the Christmas season.

She has been with the group for four months. The group is made up of seven people and was formed thanks to promotions by the analyst.
View original language description ↓
Esmerita de 24 años de edad, es conviviente y tiene 2 hijos los cuales son menores de edad. Se dedica al negocio de tejido artesanal con el cual tiene 2 años y que empezó a medida de poder obtener ingresos para solventar sus gastos. Comenzó con la ayuda de una de sus amigas, quien le recomendó meterse en el negocio de la artesanía ya que tenía talento para esto. También es costurera desde hace 9 meses, negocio que también le resulta rentable. Con mucho esfuerzo y trabajo, Esmerita ha podido comprar su terreno en donde piensa construir su casa. Actualmente sus ingresos los destina a los gastos de alimentación y vestimenta, su plan para el futuro es abrir una bodega en su domicilio. Piensa usar el reciente préstamo en la compra de materiales para la fabricación de pulseras, ya que tiene muchos pedidos por campaña navideña. Tiene 4 meses en el grupo el cual está conformado por 7 personas y que se formó gracias a las promociones por parte del analista.

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
  • 72
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Buscando Un Futuro Group's $1,550 loan helped a member to buy materials to make bracelets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Dec 25, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012