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Santa Maria Group
In this Group: Genoveva, Jacinta Juana, Olga Elia, Yulita Cilia, Elizabeth Liliana*, Hugo Lalo, Rosa Bertha, Gloria Jesucita, Josefina Del Pilar, Maribel , Sonia
* not pictured
Perseverance, initiative and a desire to make progress and get ahead in life are some of the main characteristics shared by the members of the "Santa Maria" community bank. This bank has 11 members, mostly women, who have been working together for more than two years.

52-year-old Genoveva is married and has four children, one of whom is not yet an adult. Genoveva gets up very early every morning to open her store which is a source of income for her household. It has given her a lot of satisfaction over the 20 years she has been running it. Genoveva set up this business with the help of her husband as he needed support in order to provide for their family. With her loan, Genoveva will stock her business with merchandise, buying school supplies. In common with Genoveva, every member of this group has their own story, with good and bad moments throughout their lives. However, if they have one thing in common, it is their desire to do well for the sake of their families and their businesses and they demonstrate this desire every day.
View original language description ↓
Perseverancia, iniciativa y deseo de desarrollo por salir adelante son parte de las características primordiales de la alcancía comunal SANTA MARIA, conformado por 11 integrantes en su mayoría mujeres desde hace mas de 2 años, este grupo viene trabajando de forma pareja y en constante desarrollo, cada integrante en forma individual, muestra de ello es la señora Genoveva de 52 años de edad casada y con 4 hijos de los cuales uno aun es menor de edad. Ella se levanta todas las mañanas muy temprano para abrir el bazar que tiene como fuente de ingresos para su hogar, el cual le ha dado muchas satisfacciones a lo largo de 20 años que es el tiempo que tiene su negocio. La señora Genoveva emprende este negocio gracias a la ayuda de su esposo ya que necesitaba un sustento para poder sacar adelante a su familia. Con el reciente préstamo implementara mercadería en compra de útiles escolares. Como la señora Genoveva cada integrante tiene una historia en particular con buenos y malos momentos a lo largo de sus vidas pero, si en algo coinciden es el deseo de superación que demuestran todos los días por el bienestar de sus familias y negocios.

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
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,770,675
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Maria Group's $6,350 loan helped a member to buy school supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012