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Esperanza Y Progreso Group
In this Group: Luz Milagros, Esthefani Lisset, Noemi Dora, Clotilda, Esther Elizabeth, Martha, Ana Cecilia
Luz is separated, 40 years old and has one school-age son. She is currently a member of the communal bank "Esperanza y Progreso” [Hope and Progress], a group made up of 7 members who earn their living through a diverse range of businesses. Luz has been earning her living renting out rooms for one year. She had some money and invested it by building a house and now she rents out four rooms. Her business arose out of her separation. Thanks to her hard-work and dedication her son has had a private-school education, she has purchased electrical appliances and she now enjoys a better quality of life.

Luz is asking for another loan to expand and remodel her business. Luz will attain her goals though a lot of effort and hard work and the loans from Edaprospo will help her.
View original language description ↓
La Sra. Luz es separada tiene 40 años de edad y tiene 1 hijo en edad escolar, actualmente es socia en la alcancía comunal “Esperanza y progreso” grupo conformado por 7 socios que se dedican a diversas actividades de comercio. Luz se dedica al alquiler de cuartos desde hace un año, luz tenía un capital y lo invirtió construyendo su casa y ahora alquila cuatro cuartos este negocio surge a raíz de su separación, gracias a su esfuerzo y dedicación a, su hijo cuenta con educación privada, se ha comprado artefactos eléctricos y ahora cuenta con una mejor calidad de vida. Luz a solicitado un nuevo préstamo para ampliar y remodelar su negocio. Luz cumplirá sus metas con mucho trabajo y esfuerzo y que los prestamos de edaprospo la ayudaran

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
  • 45
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Y Progreso Group's $5,525 loan helped a member to expand and remodel her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2012
Listed
May 16, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012