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Libertadores Group
In this Group: Flavia , Ana , David , Miguel , Maria , Yanet , Teodora , Olga , Viviana
Greetings from Peru. I would like to introduce you to the Libertadores Group which is made up of people who wish to get on in life. They are all neighbours and have chosen to name the group after the place where they live. Currently there are nine members and they work in various occupations such as business and services.

38-year old Sr. Miguel is one of the members. He is single and a hardworking electrician who gets casual work at a local business. He also works as a taxi driver. Miguel would like to open a small electrical services business in the future and also make some improvements to his house which is in need of repair.

With the loan he plans to buy tools for his work as an electrician. He is very grateful for the loan and the confidence shown in him.
View original language description ↓
Saludos desde Perú. Quiero presentarles al grupo “Libertadores” conformado por personas deseosas por surgir en la vida, este grupo fue creado entre vecinos y lo llamaron así por la zona en la que viven, actualmente cuenta con 9 integrantes que se dedican desde muy temprano al comercio y prestaciones de servicios. Un ejemplo de ello es el Sr. Miguel de 38 años de edad soltero y esforzado emprendedor se dedica diariamente al servicio de electricista y cuenta con trabajos eventuales en una empresa prestando sus servicios, pero también alquila un espacio de su casa como cochera de moto taxis. Al Sr. Miguel le gustaría poner una pequeña empresa de servicios eléctricos en el futuro y así mejorar su casa ya que es muy precaria. Con el reciente préstamo lo invertirá en compras de herramientas para sus trabajos de electricista. El Sr. Miguel se encuentra muy agradecido por el préstamo otorgado y también por la confianza brindada.

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
  • 99
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Libertadores Group's $3,875 loan helped a member to buy tools.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013