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Union Progreso Group
In this Group: Maria Lourdes, Myrian Nidia, Maria Felicita, Editha Mery, Cecilia, Lucy Rosmery, Carmen Rosa, Maria Cecilia, Carole Maribel, Jenny Felicia, Eyda Constantina*
* not pictured
María is a member of the community bank "Unión Progreso", which is made up of 11 hardworking women from the Prosperity Program. María is 53 years old and separated. She has five children, one of whom is still dependent on her.

María has worked as a seamstress for more than three years and slowly improved her economic stability. With the good use of her profits, she recently opened a bookstore in her home. María is an earnest woman whose work has been able to support her children's education.

With the goal of continuing to expand her bookstore, she is asking for this loan to purchase school supplies such as notebooks, Vinifan [clear plastic covering for textbooks], pens, folders, and other items. María's dream is to continue expanding her bookstore.

The Unión Progreso community bank is thankful for the loan provided since it makes their progress possible.
View original language description ↓
La Sra. María es integrante de la Alcancía Comunal “Unión Progreso” grupo conformado por 11 mujeres trabajadoras comprometidas con el Programa- Prosperidad. María tiene 53 años de edad es separada con 05 hijos 01 de ellos aun dependiente. María lleva más de 03 años brindando servicio de costura poco a poco ha mejorado su estabilidad económica, y con el buen uso que le dio a sus ingresos recientemente acaba de aperturar una librería en su domicilio. María es una mujer empeñosa que con su trabajo a podido apoyar a sus hijos en su educación. Con el fin de seguir creciendo en su librería solicito el crédito para comprar útiles escolares como cuadernos, vinifan, lapiceros, folderes etc. El deseo de María es de seguir creciendo en su librería. La Alcancía Comunal “Unión Progreso” agradecen el crédito brindado ya que hacen posible su progreso.

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
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Progreso Group's $3,100 loan helped a member to purchase notebooks, Vinifan, pens, and folders.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2012
Listed
Feb 24, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012