Check out some available loans that are similar to this one!
Las Flores Al Progreso Group
In this Group: Duma Noemi, Aquilina Basilisa, Zoila, Santa Margarita Reyna, Brigida, Paola, Giuliana, Vanessa*, Betty Rosa
* not pictured
Paola is a member o the group "Las Flores al Progreso." This group is formed by 9 members, all friends. Paola is 32 years old. She lives with her husband and her 14-year-old son. Paola sells beauty products. She began this work through a friend who helped her at the beginning. Through all this time, she has had her own customers, who ask her for various perfume and makeup products. Thanks to the income that she receives from her work, she can help her husband with the upkeep of the house. Paola wants to attract more customers, and to do this, she would like to have a place where she can open her beauty product business. She will use the loan that she has applied for from EDAPROSPO to buy more beauty products and to be able to fill her pending orders. Paola feels happy about the loan for her communal group, and she is very grateful to the investors from around the world who support them. Paola appears in the photo in the black sports jacket with white stripes. Sra. Betty is seen on the right side wearing an orange sweater; she could not be present for the group photo.
View original language description ↓
Paola es miembro del grupo Las Flores al Progreso

Este grupo lo conforman 09 socias, todas amigas. Paola tiene 32 años vive con su esposo y su hijo dé 14 años. Paola trabaja vendiendo productos de belleza, empezó con este trabajo por medio de una amiga que la ayudo en sus inicios, durante todo este tiempo ya cuenta con sus propios clientes quienes le solicitan diversos productos en perfumería y maquillaje. Gracias a los ingresos que percibe por su trabajo puede ayudar a su esposo en la manutención de la casa. Paola desea captar más clientela y para eso le gustaría contar con un lugar donde pueda abrir su negocio dedicado a la belleza, el préstamo que ha solicitado a EDAPROSPO lo usara para comprar más productos de belleza y para poder cumplir con los pedidos pendientes.
Paola se siente feliz por el préstamo para su grupo comunal, y muy agradecida a los Inversionistas de todo el mundo que los apoyan. Paola aparece en la foto con casaca de buzo negra con franjas blancas.
*Al lado derecho se encuentra la Sra Betty que viste chompa color naranja, por motivos de fuerza mayor no pudo estar presente para la foto grupal.

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
  • 101
    View loans »
    Peru Loans Fundraising
  • $58,002,425
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Flores Al Progreso Group's $5,100 loan helped a member to buy beauty products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2012
Listed
Jan 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013