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San Martin Group
In this Group: Carlos Ricardo, Lucila Eugenia, Jeremias Marino, Edson Noel, Iliana Raquel, Elva Luzmila, Percy Nelviz
Greetings: This is the new group “San Martin” formed by seven enthusiastic members getting established.

Jeremías is one of the members. He is 57 years old, married with adult children. He works selling beverages such as soft drinks and mineral water. With the fruit of his labor and the help from his wife he could bring up the family. His greatest desire to to open another beverage stand and thus be sure of having higher earnings. The money he borrows will be used to buy soft drinks, beer and mineral water.

The new group “San Martin” is grateful to the Kiva loaners for their support. Jeremías is the first on the right side wearing a cream colored shirt and gray slacks.
View original language description ↓
Saludos cordiales: Este es el nuevo grupo “San Martin” conformado por 07 socios entusiastas de comenzar a trabajar. Jeremías uno de los integrantes, tiene 57 años de edad casada con hijos independientes. El se dedica a la venta de bebidas como gaseosas, agua mineral y gaseosas. Con el fruto de su esfuerzo y la ayuda de su esposa a podido sacar adelante a su familia. Su mayor deseo es de poner otro puesto de venta de bebidas pues así asegura, tendrá mayores ganancias. El dinero obtenido lo destinará para la compra de gaseosas, cervezas y agua minera. El nuevo grupo “San Martín” agradecen a los prestamistas Kiva por la ayuda brindada. Jeremías es el primero del lado derecho viste camisa crema y pantalón plomo.

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
  • 54
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Martin Group's $1,250 loan helped a member to buy soft drinks, water, and beer for his beverage stand.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013