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Sarita Colonia Group
In this Group: Manuel Enrique, Maria Lorenza, Rigiberto Dario, Hugo Hidalgo, Kathy Rocio*, Julio Andres, Maritza
* not pictured
Manuel belongs to the “Sarita Colonia” communal bank which has seven members who carry out a variety of commercial activities but have in common the desire to improve and get ahead for the wellbeing of their families.

Manuel, 66, is married and has six children five of which are independent and one is still in his care. He has been a teacher for 31 years, a job he started since he came to live in his community. With his work in this profession he’s managed to date to improve his house and provide more comfort at home as well as provide food and education for his children. He’d like to continue helping the school where he teaches classes. He will use the present loan to help with his wife’s medical costs.

A group whose only objective is to improve their economic conditions is what characterizes this “Sarita Colonia” communal bank. Sra. Kathy Rocio could not be present for work reasons.
View original language description ↓
Manuel pertenece a la alcancía comunal Sarita Colonia compuesta por siete integrantes que se dedican a diversos comercios pero teniendo en común el deseo de superación y de salir adelante por el bienestar de sus familias. Manuel de 66 años de edad casado y con seis hijos de los cuales cinco son independientes y uno aun esta a su cuidado. El se dedica a la enseñaza en un colegio hace 31 años, El cual inicio desde que llego a vivir en su localidad, con la profesion de docente hasta hoy en dia a logrado mejorar su casa y dar mayores comodidades a su hogar así también cubrir gastos como alimentación y estudios para sus hijos. El le gustaría seguir ayudando al colegio en donde enseña dando clases. Con el reciente préstamo ayudara con los gastos de salud de su esposa . Un grupo con el solo objetivo de mejorar sus condiciones económicas es lo que caracteriza a esta alcancía comunal Sarita Colonia.
La Sra. Kathy Rocio no puedo estar presente por motivos 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
  • 50
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarita Colonia Group's $1,000 loan helped a member to pay for medicines.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012