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Esperanza Y Progreso De Huaycan Group
In this Group: Martha Angelica, Marina Celerina, Richard Solis, Genoveva, Linda Yheni*, Paola
* not pictured
This is the group "Esperanza y Progreso de Huaycan" (Hope and Progress of Huaycan). It is made up of 6 hardworking members. Martha is married (common-law) and has 3 children. She works selling coal in her house. She has been working in this area for 8 years. Her husband supports her selling coal in the Huachipa market.

The loan that she obtained was used to buy more coal. The group is thankful to Kiva lenders for the loan that they gave her. Martha is the third from the left in the blue shirt and black pants.
View original language description ↓
Les presento al grupo “ESPERANZA Y PROGRESO DE HUAYCAN” conformado por 6 integrantes trabajadores. Martha es conviviente con 3 hijos. Trabaja en la venta de carbón en su casa hace 8 años viene realizando esta actividad. Su esposo le apoya en la venta de carbón en el mercado de huachipa. El préstamo que obtuvo lo utilizo en la compra de más carbón. El grupo agradece a los inversionistas KIVAPOR por el préstamo que le dio. Martha es la tercera del lado izquierdo viste con polo azul 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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,986,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Y Progreso De Huaycan Group's $1,975 loan helped a member buy coal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013