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Las Gardenias Group
In this Group: Yuli Esther, Sara Milagros, Edgardo Humberto, Elea, Matilde Aurelia, Elizabeth
This is the communal bank "Las Gardenias." The group has 6 responsible members who are in their 10th loan cycle. Most of the members are neighbors from the area. At the age of 53, Elea has already accomplished some of her goals, such as building part of her home and keeping her food business running. She now has a restaurant where she serves lunch and dinner. She started this business with the idea of providing for her 2 children, as she was the only breadwinner in the home. Elea's main wish is to set up a restaurant in her own home and continue to support her youngest daughter, who is still a dependent, in her education.

Elea is requesting a loan to buy supplies and tables, so that she can provide better service to her customers. This group is grateful for the support being provided by the Kiva lenders.

Elea is seen in the rear of the photo, second from the left. In the photograph 2 passive members are seen; they will return to the group in the next loan cycle. One of these is Ernestina, who carries a polka dot purse, and the other is Ana, who is in the same row but is at the end on the left side.
View original language description ↓
Este es el grupo “Las Gardenias” conformado por 06 socios responsables que pasan a su décimo ciclo, la gran mayoría de ellos son vecinos de la zona. A sus 53 años Elea ha llegado a cumplir algunos de sus metas como construir parte de su vivienda y mantener su negocio de comida. Actualmente cuenta con un restaurante la cual brinda almuerzo y cena. Comenzó este negocio con la idea de poder sacar adelante a sus 02 hijos, pues era el único sustento de su hogar. Su mayor deseo es poner su restaurante en su propia casa y seguir apoyando a su menor hija que aún depende de ella en sus estudios.
El crédito solicitado lo destinará para la compra de insumos, mesas y de esta manera brindarles una mejor atención a sus comensales. El grupo está agradecido con los apoyos brindados de los inversionistas Kiva.
Elea se encuentra en la parte posterior es la segunda del lado izquierdo. En la fotografía están presente 02 socias pasivas lo cual se reintegrarán con su grupo en el siguiente ciclo; una de ellas es Ernestina que lleva bolsa a cuadros y Ana que está ubicada en la misma fila pero al final del lado izquierdo.

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
  • 113
    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 Gardenias Group's $2,025 loan helped a member to buy supplies and tables.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013