Check out some available loans that are similar to this one!
La Cruz De Yerbateros Group
In this Group: Flor, Isabel, Candelaria, Estefani, Rosario, Mariana, Lishmar, Bertha, Marlene, Ernestina
Greetings from Perú. This is the "La Cruz de Yerbateros" Group, which is comprised of ten members, most of whom are retail merchants earning an income to support their families. One of the members is Isabel, 43, who is a single mother of three. Isabel has a motorcycle-taxi rental business and also works as a street vendor of household products. Both businesses generate enough income to cover expenses and pay for her children's education.

The loan will be used to pay for maintenance of her motorcycles and help cover essential household expenses. In the future she would like to expand her taxi business and help her children finish their education. Just like Isabel, all the members are very grateful for the loan and the confidence shown in them.
View original language description ↓
Saludos desde Perú, Les presento al grupo “La Cruz de Yerbateros”, el cual está conformado por 10 integrantes, que en su mayoría se dedican al comercio minorista y así pueden lograr un sustento económico para sus familias. Una de las integrantes es la Sra. Isabel de 43 años de edad y madre soltera de 3 hijos. La Sra. Isabel se dedica diariamente al alquiler de moto taxi, por otro lado se dedica también a la venta de artículos para el hogar de forma ambulatoria, ambas actividades le generan ganancias para poder cubrir sus gastos y los estudios de sus hijos. Con el préstamo otorgado, realizara el mantenimiento de sus motos y además la ayudara a cubrir algunos gastos esenciales del hogar. En el futuro le gustaría tener una ampliación de su negocio de servicio de moto taxis y la culminación de los estudios de sus hijos. Al igual que la Sra. Isabel todos los integrantes se encuentran muy agradecidos por el préstamo brindado y por la confianza depositada en ellos.

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,558,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD
Expired
A portion of La Cruz De Yerbateros Group's $4,425 loan helped a member to pay for motorcycle maintenance.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 9, 2012