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Las Fresas Del Algodonal Group
In this Group: Santiago Junnior, Gladys Hilda, Miguel, Rosita Lizeth, Maura Milagros
Santiago is 30 years old, single, and lives with his mother. He studies electronics and he repairs electric housewares. He also is taking a course on cell phone maintenance. Thanks to the loan with Edaprospo and Kiva, the group "Las fresas del algodon" (Cotton strawberries) was able to set up their little store in the Malvinas, where they work from Monday to Saturday. Their primary clients are people who are looking to fix their cell phones and to purchase accessories.
Santiago wants to continue working with this group because they all get along and also wants to be able to grow their business and to continue supporting his mother. Santiago says "Thank you for the support for my neighbors, and for me, because you help us to grow every day." Santiago is in a green polo and blue jeans.
View original language description ↓
SANTIAGO TIENE 30 AÑOS ES SOLTERO Y VIVE CON SU MADRE,EL ESTUDIA ELECTRONICA Y REPARA ELECTRODOMESTICOS, TAMBIEN TOMA UN CURSO DE MANTENIMIENTO DE CELULARES. GRACIAS AL PRESTAMO QUE EDAPROSPO Y KIVA LE OTORGO AL GRUPO "LAS FRESAS DEL ALGODONAL" PUDO PONER SU PEQUEÑO LOCAL EN LAS MALVINAS DONDE TRABAJA DE LUNES A SABADO,SUS PRINCIPALES CLIENTES SON PERSONAS QUE BUSCAN ARREGLAR SUS CELULARES Y COMPRAR SUS ACCESORIOS.
Y SU DESEO ES SEGUIR EN EL GRUPO DONDE TODOS SE LLEVAN BIEN,Y ASI PODER HACER CRECER SU NEGOCIO Y SEGUIR APOYANDO A SU MADRE.
SANTIAGO DICE:"GRACIAS POR EL APOYO A MIS VECINOS Y A MI, POR QUE NOS AYUDAN A CRECER CADA DIA"
SANTIAGO VISTE DE POLO VERDE Y JEANS CELESTE.

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
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Fresas Del Algodonal Group's $2,325 loan helped a member expand their cell phone business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013