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La Cantuta Group
In this Group: Santos , Marino , Michelle Dina , Alex Jhon , Elesio , Graciela , Patricia Milagros , Edgar Marino *
* not pictured
Santos is 45, married, and has one minor child. He is a member of the "La Cantuta" communal bank. An artist and musician since he was a teenager, he has put together a group of artists who travel abroad for presentations, etc.

He applied for the loan to invest in the purchase of musical instruments, giving him the opportunity to improve his income. In the future he wishes to buy a car for his daughter, who is still going to school.

In the photo, he is the first person on the left, wearing a white shirt with stripes, and black pants.
View original language description ↓
El Señor SANTOS de 45 años de edad estado civil casado, con 01 hijo menor de edad. Es socio de la alcancía comunal “La Cantuta”.
De profesión Artista y Músico desde su adolescencia, Actualmente tiene conformado un grupo de Artista que viajan al extranjero para unas presentaciones etc. El préstamo solicito para invertir en la compra de instrumentos de música, dándose la oportunidad para mejorar sus ingresos económicos.
Desea en el futuro comprar su automóvil para su hija que aun está en proceso de estudio. En la fotografía está ubicado la primera persona lado izquierda que viste con una camisa color blanco con rayas y un pantalón color 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
  • 127
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Cantuta Group's $1,275 loan helped a member to buy musical instruments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2012
Listed
Jan 24, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012