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Ciudad Real Group
In this Group: Fany, Modesta, Rufino Ledgardo, Liz Elizabeth, Clara Lucila, Julian Cipriano, Margarita Timotea*
* not pictured

Update on Ciudad Real Group

Ciudad Real (Royal City) is the name of this group of women who fight for and are optimistic about their businesses. These businesses are a source of income for the women and their families. This group formed six years ago and has high expectations for the businesses. It is made up of seven members, each with their own history, as is the case with Fany. Fany is 33-years-old and lives with her two children who are still in school. She works every day selling breakfasts in a market stall. This has generated profits that support the household expenses. With her recent loan, she is planning to invest in merchandise for her business. Like Fany, each group member has her own story, but all have the same hope and effort to always move forward for their well-being and that of their families.
View original language description ↓
Ciudad Real asi se llama este grupo de mujeres luchadoras y optimistas para los negocios propios que tiene como fuente de ingresos para ella y sus familias. Este grupo lleva ya formado 6 años, es un grupo de muy buenas expectativas de negocio, conformado por 7 integrantes, el cual todas con una historia en particular, tal es así el caso de la señora Fany de 33 años de edad, conviviente y madre de 2 hijos los cuales aun siguen en el colegio. Ella se dedica todos los días a la venta de desayunos en un puesto de mercado, el cual le ha generado ganancias para sustentar los gastos en el hogar. Con el reciente préstamo piensa invertirlo en la compra de mercadería para su negocio. Como la señora Fany, cada integrante del grupo tiene una historia en particular pero entre todas coinciden en el deseo y el esfuerzo de salir siempre adelante por el bienestar de ellas y sus familias

Previous Loan Details

Perseverance, initiative and the desire for growth by pushing ahead are part of the fundamental characteristics of the community bank Ciudad Real, formed by six members, mostly women, more than five years ago. This group has been working from a constantly developing place, each member individuall... More from Ciudad Real Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 125
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ciudad Real Group's $4,000 loan helped a member to buy merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Ciudad Real Group. It was first posted on Kiva on Dec, 2011. Learn More