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Nueva Esperanza Group
In this Group: Sebastiana, Antonia, Lucila, Juana Ricardina, Angelica, Martha Juana, Zenaida, Elmer Faustino, Gloria Antonieta, Teodora
This is the "Nueva Esperanza" [New Hope] Group which is made up of 10 members that make a living at a variety of different businesses. This is their 39th loan.

Teodora is 56 years old and has 3 children, one of whom is of school age; they are the driving force and reason to keep moving forward. Teodora has made a living selling haberdashery for 3 years. Teodora is applying for a loan to buy wool, thread, needles, crochet hook[s]. Teodora's dream is to finish roofing her house and so be able to give her children a better quality of life. Teodora is very happy with this loan and she thanks Kiva.

[In the photo] you can find Teodora at the back, the second from the right, wearing a pink polo shirt and black trousers.
View original language description ↓
Este es el Grupo “Nueva Esperanza” que conforman 10 socios que se dedican a diversas actividades de comercio que pasan al ciclo 39. Teodora tiene 56 años tine 03 hijos de la cual 01 de ellos en etapa escolar, son el motor y motivo de seguir adelante. Teodora se dedica desde hace 03 años en la venta de mercería. Teodora solicito el crédito para la compra de lana, hilos, agujas, crochet. El sueño de Teodora es de terminar de techar su casa y asi poder darle una mejor calidad de vida a sus hijos. Teodora está muy contenta con este préstamo y agradece a Kiva. Teodora se encuentra en la parte de atrás es la segunda del lado derecho viste polo rosado y pantalón negro.

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
  • 61
    View loans »
    Peru Loans Fundraising
  • $54,552,250
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $4,475 loan helped a member to buy wool, thread, needles, crochet hook[s].
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013