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Balcon Florido Group
In this Group: Isabel Loyda, Jhon Ammer, Teodulo Miguel, Idelfonza Aurora, Bertilo, Saul Fernando, Elva, Liz Isabel, Elena Rosa, Estela Florinda
Good Afternoon! At this time, we will meet one of the oldest communal banks, "Balcón Florido,” which is made up of 10 members who are in their 12th loan cycle. Most of the members are neighbors from the area. This group has demonstrated responsibility and honesty.

Teodulo, 40, is married and has a daughter. His family has been his main motivation to continue to improve each day. Teodulo, like most of his fellow group members, has a business making cheese that he offers to stores and markets. He has been in this line of work for more than 15 years. A fruit of his labors is that he has accomplished one of his goals: to make improvements to his house, and he has also supported his daughter in her education. Teodulo's main desire is to continue working positively, as this will permit him to continue to support his daughter's education.

Teodulo is requesting a loan to buy supplies, such as: salt, rennet (enzymes to curdle the cheese), and molds to make the cheese. He feels happy to see that other people are helping him to make progress. In the photo, Teodulo is at the back. He is second from the right, wearing a white shirt with black stripes.
View original language description ↓
Muy buenas Tardes esta vez conocerán a uno de los grupos más antiguos “Balcón Florido” la cual está conformado por 10 socios que pasan al 12 ciclo, la gran mayoría vecinos de la zona, dicho grupo han demostrado responsabilidad y honestidad.
Teódulo de 40 años es casado y tiene 01 hija, su familia ha sido su mayor motivación para seguir mejorando cada día. Teódulo como la gran mayoría de sus compañeros se dedica a la elaboración de queso donde luego los ofrece en tiendas y mercados, lleva trabajando de esta manera hace más de 15 años. Fruto de su esfuerzo es que ha cumplido unos de sus metas mejorar su vivienda y apoyar a su hija con sus estudios. Su mayor deseo es de seguir trabajando positivamente, pues esto le permitirá seguir apoyando a su hija con sus estudios. Solicito el crédito para la compra de insumos como: sal, cuajo (pastillas para cuajar el queso) y moldes para la fabricación del queso. Se siente feliz a ver que otras personas lo ayuden en su progreso. Teódulo se encuentra en la parte posterior, es el segundo del lado derecho y viste una camisa blanca con rayas negras.

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
  • 130
    View loans »
    Peru Loans Fundraising
  • $57,372,500
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Balcon Florido Group's $3,750 loan helped a member to buy salt, rennet, and molds to make cheese.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013