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Nueva Generacion Group
In this Group: Carmen Eluces, Luisa, Maria Elena, Melina Carmen, Katherine Isabel , Janeth Giovana, Delia Angelica, Jenny Bell*, Angelo Justiniano
* not pictured
Peru sends a big hello to all of you! Today we present the group Nueva Generacion [New Generation], made up of 9 members. This group is enterprising and very united. They are in their second cycle so they know that punctuality and responsibility are of the utmost importance.

One of the members, Carmen, is 60 years old and a single mother of two. She only lives with her younger son who continues his higher education at a technical school thanks to the income that her restaurant provides. It's been almost 20 years since she started this business and her loyal customers continue to increase thanks to the special seasoning that she puts in all of her meals.

Carmen will use this loan to buy ingredients like rice, sugar, noodles, oil, etc. in bulk so that her meals cost less to make which earns her greater profits for her household. Her dream, which is already coming true, is first for her sons to become professionals, and also to be able to increase the space where she serves food to give her customers greater comfort.

Carmen is wearing a black jacket and white t-shirt in this photo. Jenny Bell does not appear in the picture for work reasons.
View original language description ↓
Reciban ustedes un gran saludo desde el Perú!!!, hoy les presento al Grupo NUEVA GENERACION, conformado por 9 socios, es un grupo emprendedor y muy unido, están participando en su segundo ciclo, y por eso es que saben que la puntualidad y la responsabilidad es lo primordial. Una de las socias es Carmen ella tiene 60 años y es madre soltera de 02 hijos, solo vive con el segundo hijo que aun sigue estudios superiores técnicos gracias al apoyo de los ingresos que genera su restaurante, que ya van a ser casi 20 años sacando adelante este negocio, y sus fieles comensales van incrementándose gracias a la sazón especial que pone en cada una de sus preparaciones.Carmen va utilizar este préstamo en la compra de de insumos como son arroz, azúcar, fideos, aceite, etc, por mayor para que los costos de sus comidas sean menores generando mayores ingresos para su hogar. El sueño de Carmen es, primero sacar profesionales a sus hijos (que ya lo está logrando), también poder ampliar el local con el que cuenta para poder brindar comodidad a sus comensales.
Carmen esta con una casaca negra y polo blanco. *en esta fotografía no se encuentra presente Jenny Bell, por motivos de trabajo.

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
  • 56
    View loans »
    Peru Loans Fundraising
  • $54,539,125
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Generacion Group's $3,075 loan helped a member to buy rice, sugar, oil, noodles, etc in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012