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Las Orquideas Group
In this Group: Nilda, Claudia Janeth, Florencia, Betty Gladys, Alizonhp Smith, Monica, Hilda, Vilma Norma, Yeny
The new “Las Orquídas” (Orchids) communal bank has nine members who are enthusiastic about starting to work with Programa-Prosperidad. They chose that name because most of the members were born in a town where said flowers are grown.

Nilda is the group President. She is 21 years old and has a spouse though no children yet. She has a home-based grocery store that arose from her wish to have a business of her own. Thanks to her hard work, Nilda has managed to reach one of her goals: to buy her own piece of land.

In order to continue improving, she asked for the loan to invest in the business buying soft-drinks, cookies, milk, noodles, etc. Nilda’s dream is to finish building her house so that she can expand her store.

The new “Las Orquídeas” communal bank is grateful for the loan provided. Nilda is the one wearing a black polo shirt.
View original language description ↓
La nueva Alcancía Comunal “Las Orquideas” está conformada por 09 socias entusiastas de comenzar a trabajar con el Programa – Prosperidad, escogieron ese nombre ya que la mayoría de los integrantes son personas que nacieron en pueblo donde se cultiva dichas flor. Nilda es la presidenta del grupo, es una mujer joven de 21 años de edad es conviviente y aun no tiene hijos, actualmente cuenta con una bodega instalada en su domicilio, este negocio surgió con la idea de contar con un negocio propio, gracias a su arduo trabajo Nilda ha logrado realizar unas de sus metas, comprar su propio terreno. Con el fin de seguir mejorando solicito el crédito para invertir en su negocio comprando gaseosas, galletas, leche, fideos etc. El sueño de Nilda es terminar de construir su vivienda y así poder ampliar su bodega. La nueva Alcancía Comunal “Las Orquideas” están agradecidos por el crédito brindado. Nilda es la que viste un polo negro.

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
  • 101
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Orquideas Group's $1,450 loan helped a member to buy soft-drinks, cookies,milk and noodles.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2012
Listed
Jan 13, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012