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Las Emprendedoras De La Q Group
In this Group: Rosa Teresa, Karin Carmen, Elisabeth Amparo, Sofia Victoria, Luz Carmen
Sra. Luz Carmen, 38, is separated from her husband. She has 3 young children, two of whom are in school. She operates a corner shop where she sells beer, soft drinks and everyday staples. She has operated the business for a year and supplements her income with cleaning jobs. Luz can cover the costs, with much hard work, of food for her family and basic utilities such as electricity and water. She started the business because she wanted to build a house and pay for therapy services for her youngest daughter. For the future, she wants to grow her business and start new ones. She also wants to help her children study and work for paid careers. Luz Carmen will use this loan to stock her corner shop with merchandise--rice, sugar, etc.--that she will resell. The "Las Emprendedoras de la Q" community bank has 5 members and Luz Carmen has served as group president from the time it was formed.
View original language description ↓
La Sra. Luz Carmen tiene 38 años de edad, es separada y tiene 3 hijos menores de los cuales 2 están en la escuela. Se dedica a la venta de cerveza, gaseosa y abarrotes el cual ya tiene un año en este negocio, además para poder obtener más ingresos trabaja eventualmente haciendo servicios de limpieza. Actualmente con su esfuerzo y trabajo, Luz puede cubrir los gastos de alimentación de su familia y los pagos de servicios de luz y agua de su casa. Ella comenzó con la idea de construir su casa y cubrir la terapia de su menor hija. Su plan para el futuro es agrandar su negocio para poder abrir uno nuevo y también que sus hijos tengan una profesión. Gracias al préstamo que se le otorgó pudo aumentar su mercadería con productos como: arroz, azúcar y demás víveres. Luz Carmen pertenece a la alcancía comunal “Las Emprendedoras De La Q”, el cual está conformado por 5 personas en donde ella ocupa el cargo de presidenta desde que se formo el grupo.

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
  • 127
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Emprendedoras De La Q Group's $975 loan helped a member to stock her corner shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013