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Sol De Vitarte Group
In this Group: Blanca, Flor Domitila, Flor De Maria, Rosa, Leslie, Sidney, Flor De Maria
Greetings from Peru. Let me introduce you to an enthusiastic group with great desires to get ahead with their businesses. This is how the "Sol de Vitarte" group could be characterised. This group is made up of 7 members who fight daily to reach their goals.

One example is Blanca, who is 44 years old, married and a mother of six children who are her driving force every day. Blanca earns her living from her hardware store which she has been progressing for over a year and half. In the future she would like to be able to expand her business to generate more income for her family and in this way meet the expenses of her son's education and improve her house. She will use the loan to buy iron and cement for resale.

Blanca and the "Sol de Vitarte" group are very grateful for the trust which has been afforded to them for which they express their gratitude.
View original language description ↓
Saludos desde Perú, les presento a un grupo entusiasta y con muchos deseos de surgir en sus negocios, así se caracteriza la alcancía sol de Vitarte conformado por 7 integrantes que luchan día a día para cumplir sus metas. Un ejemplo de ello es la Sra. Blanca de 44 años de edad casada y madre de 6 hijos que son su motor de vida todos los días. La Sra. Blanca se dedica diariamente a la atención en su ferretería el cual lleva saliendo adelante por más de un año y medio. En el futuro le gustaría poder ampliar su ferretería para poder generar mayores ingresos económicos para su familia y así poder solventar los gastos de estudio de sus hijos y poder mejorar su casa. Con el reciente préstamo lo invertirá en compras de fierros y cemento para su posterior venta. La Sra. blanca se encuentra muy agradecida por la confianza brindada al igual que la alcancía sol de vitarte quienes expresan su agradecimiento por el préstamo otorgado.

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
  • 86
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol De Vitarte Group's $2,875 loan helped a member to buy iron and cement.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012