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El Eden Group
In this Group: Vilma, Maritza, Candelaria, Juan, Luz, Marita, Juana, Elizabeth, Rosa , Maria

Update on El Eden Group

Greetings from Peru! Our group is made up 10 enterprising people who have a lot of creativity when it comes to doing business. We are members of the group "El Eden." Rosa is 67 years old, single, and has three children. For the last eight years, she has been selling sodas, candy, milk, and sugar. Rosa says that she has managed to build up a loyal client base which has generated profits which she has used to pay household expenses. In the future, she would like to have her own premises to sell her products from to be able to make more money. She will invest the loan she has requested in setting up a small grocery store so that she can get ahead. Rosa and all of the members of her group are grateful to Kiva and Edaprospo for the loan and for putting their trust in them. She bids you farewell promising that she will fulfill all of the goals she has set for herself.
View original language description ↓
Saludos desde Perú, Un grupo conformado por 10 personas emprendedores y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “EL EDEN”. La Sra. Rosa de 67 años de edad soltera y madre de 3 hijos, ella se dedica hace 8 años a la venta de gaseosas, golosinas, leches, azúcar. la Sra. rosa nos cuenta que ha llegado a fidelizar a sus clientes el cual le ha generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un local propio donde poder vender sus productos y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en una pequeña bodega y así poder salir adelante. A la vez la Sra. rosa y todos los integrantes se encuentran agradecidos con Kiva y Edaprospo por el préstamo otorgado y por la confianza que se les ha sido brindada. Se despide Dejando la promesa que cumplirá todas sus metas propuestas.

Previous Loan Details

Greetings from Peru! The group “El Eden” is made up of 10 people who are characterized as being persevering, fighters and in that way they move forward with all their projects. Maritza is the woman that is effusively hugging her colleagues and is wearing a fuchsia sweater. She is 42 years old a... More from El Eden Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 97
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Eden Group's $5,775 loan helped a member to buy stock for their grocery store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013