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La Vecindad Del Cinco Group
In this Group: Martha Trinidad, Beatriz Cristina, Ermanda, Elsa Martha, Eva Esperanza, Edith Yanina
The group "La Vencindad del Cinco" consists of six members, all of whom engage in small businesses selling clothes, groceries, candy, and other items. The group was formed more than nine years ago and has done extraordinary work with the revenues earned from their loans.


One case in particular is that of Sra. Martha. She is 52 years old and presses forward each day in her business of selling candy as a street vendor. Martha has great satisfaction in knowing that her two children have an education, food, clothing, and a roof over their heads. With this current loan, she plans to invest in the purchase of more candy. She also plans to change her method of selling her products by acquiring a vending stall.


Each member of the group "La Vencindad del Cinco" has a distinct business, but they all share the same level of dedication and effort that is required to make progress and move forward every day.

View original language description ↓
El grupo la Vecindad del Cinco está conformado por 6 miembros los cuales todos se dedican al comercio minoritario como venta de ropa, bodegas, golosinas etc. Tiene formado hace mas de 9 años los cuales han hecho una labor extraordinaria con las ganancias de las prestaciones. Un caso en particular es el de la señora Martha, con 52 años de edad sale adelante cada día con su negocio de venta ambulatoria de golosinas, el cual le ha dado muchas satisfacciones como los estudios de sus 2 hijos en el colegio, alimentos, vestimenta y un techo donde vivir. Con el presente préstamo piensa invertirlo en comprar mas golosinas y cambiar el modo de venderlos y comprarse un puesto. Cada integrante del grupo la vecindad del cinco tiene un desempeño laboral distinto. Pero todos coinciden en la dedicación y el esfuerzo que dan todos los días para progresar y salir a delante.

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
  • 34
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD
Expired
A portion of La Vecindad Del Cinco Group's $3,600 loan helped a member to buy candy and to acquire a vending stall.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Expired:
Jul 1, 2012