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Yahve Yire Group
In this Group: Marlene, Ana Maria, Miguel Angel, Gustavo, Viviana Maria, Sonia Elvira, Estefany Vanessa*, Cristhian Junior, Julio, Cecilia Zenaida
* not pictured
Miguel is a member of the Yahve Yire comunal bank, which is comprised of ten responsible and hard-working members. He is 23 years old, single, and has no children. He is currently living with his parents, which has been his motivation to get ahead.

Miguel has a recording studio. This business emerged from the idea of getting income to continue paying for his systems engineering studies. His greatest wish is to satisfactorily complete his systems engineering studies. Upon completion he wishes to look for work in a well-known company.

He will use the requested loan to purchase instruments like a sound card and amplifiers, etc. to equip his recording studio. The will allow him to work better.

The Yahve Yire communal bank is grateful for the loan they were granted because it makes their progress possible.

Miguel is in the first row wearing a red shirt and beige pants.
View original language description ↓
Miguel es integrante de la Alcancía Comunal “Yahve Yire” la cual está conformada por 10 socios responsables y trabajadores. El tiene 23 años de edad, soltero y no tiene hijos. Actualmente vive con sus padres, la cual han sido su motivo para seguir adelante. Miguel cuenta con un estudio de grabaciones. Este negocio surgió con la idea de obtener ganancias y así seguir pagando sus estudios de ingeniería de sistemas. Su mayor deseo es de terminar satisfactoriamente su carrera de ingeniería de sistemas, pues al culminar desea buscar trabajo en una empresa reconocida. Con el crédito que solicito va a implementar su estudio de grabaciones comprando instrumentos como tarjeta de sonido, amplificadores etc la cual le permita trabajar mejor. La Alcancía Comunal “Yahve Yire” agradece el crédito brindado ya que hacen posible su progreso. Miguel está ubicado en la primera fila, él viste un polo rojo y pantalón color beige.

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
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Yahve Yire Group's $4,250 loan helped a member to buy musical instruments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012