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La Medalla Milagrosa Group
In this Group: Norma Emiliana, Dariela Elizabeth, Nelida Lucia, Betty, Sara Beatriz, Julia Graciela, Gloria Raquel, Elizabeth Nicolasa
This is a group of women with initiative, values and good proposals on how to conduct business nowadays. The group is called "La Medalla Milagrosa" (the miraculous medal) and consists of eight members, each interested in developing her business. The group was created eight years ago.

Señora Norma, aged 57, is married and the mother of four adult children. She has a grocery store, which has been her sole source of income for over eight years. She began this activity as a result of the lack of a grocery in her neighborhood. In the course of time she expanded her store and made it better known, and she is very grateful to her neighbors who supported her over all these years. With the income from her grocery she could install her home and enjoy more comfort, and in the future she would like to see her grocery expanding much more. Norma will use this loan to buy polo shirts for schools.
View original language description ↓
Un grupo de mujeres con iniciativa, valores y buenas propuestas de cómo hacer negocio hoy en día, son las mujeres del grupo llamado La Medalla Milagroso, conformado por 8 socias con interés de desarrollo por cada negocio. Este grupo comienza a dar marcha hace ya 8 años. La señora Norma, 57 años de edad, es casada y tiene 4 hijos ya todos mayores de edad, ella tiene un bodega la cual es su única fuente de ingresos hace más de ocho años y comenzó a raíz de que por su barrio no había una bodega, con el tiempo fue tomando mayor tamaño y espacio y haciéndose mas conocida, y es por eso que ella se siente muy agradecida con sus vecinos ya que la han apoyado a lo largo de tantos años. Con los ingresos de su bodega a podido implementar su casa y tener mayores comodidades y en el futuro le gustaría que su bodega crezca mucho más. Con el reciente préstamo lo invertirá en compras de polos para colegios.

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
  • 113
    View loans »
    Peru Loans Fundraising
  • $55,266,250
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Medalla Milagrosa Group's $5,725 loan helped a member to buy polo shirts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Feb 17, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012