Check out some available loans that are similar to this one!
Las Flores De Buenos Aires Group
In this Group: Celina, Paula Saturnina, Victoria, Victoria Rosario, Ricardina Rosario, Grover Alberto, Gladys, Luzmila, Margarita Ysabel, Raul Humberto, Maritza
The “Las Flores de Buenos Aires” communal bank is a new group. It’s composed of 11 enthusiastic members ready to start working with Programa-Prosperidad.

Paula is 64 years old, widowed and has 8 independent children. She is a vegetable and tuber street vendor; she’s had the business for more than 20 years. Paula is a very hardworking woman and she’s proud of that because she’s been able to provide education for her children through her efforts. Her greatest wish is to have a locale of her own where she can sell her products.

Aiming at continuing improving her business, she asked for the loan to buy potatoes, onions, tomatoes and vegetables in order to have something to offer her customers.

The new “Las Flores de Buenos Aires” communal bank are grateful for the loan granted.
View original language description ↓
La Alcancía Comunal “Las Flores De Buenos Aires” es un grupo nuevo, la cual está conformado por 11 socios entusiastas de comenzar a trabajar con el Programa-Prosperidad. Paula tiene 64 años de edad es viuda con 08 hijos independientes. Ella se dedica a la venta ambulatoria de verduras y tubérculos, la cual lleva más de 20 años en dicho negocio. Paula es una mujer trabajadora, y se siente orgullosa de ello, pues con su esfuerzo a podido apoyar a sus hijos en su educación. Contar con un local propio donde pueda ofrecer sus productos es su mayor deseo. A fin de seguir mejorando su negocio solicito el crédito para comprar papas, cebollas, tomates, y verduras y así tener que ofrecer a sus clientes. La nueva Alcancía Comunal “Las Flores De Buenos Aires” agradecen el crédito brindado.

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
  • 55
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Flores De Buenos Aires Group's $1,925 loan helped a member to buy potatoes, onions, tomatoes and vegetables.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012