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La Inmaculada De Concepcion Group
In this Group: Benjamina, Maria Luz, Guadalupe, Rosa Silvia, Victoria Gladys, Victoria
The communal bank "LA INMACULADA DE CONCEPCION" is comprised of six women entrepreneurs who are involved in different sales activities. Victoria, the president of the group, is 60 and married. She runs a store that she set up in her house six years ago. She used to work in hand weaving and taught a class at the Don Bosco Parish. Now she does crafts in her free time.

The loan will be used to buy a new motor for her refrigerator. The group is grateful to KIVA lenders for the loan. Victoria is the first person sitting from the right in a green and white striped top.
View original language description ↓
El grupo “LA INMACULADA DE CONCEPCION” está conformado por 6 mujeres emprendedoras dedicadas a diversas actividades del comercio. Victoria es la presidenta del grupo tiene 60 años es casada. Actualmente labora en su bodega que puso en su casa hace 6 años. Años atrás trabajaba haciendo manualidades tejidos. Enseñaba tejido en la parroquia Don Bosco. Actualmente hace manualidades en sus tiempos libres. El préstamo lo invertirá en la compra de un nuevo motor para su conservadora. El grupo agradece a los inversionistas KIVA por el préstamo. Victoria es la primera persona del lado derecho viste polo verde a rayas

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
  • 47
    View loans »
    Peru Loans Fundraising
  • $53,879,750
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Inmaculada De Concepcion Group's $2,250 loan helped a member to buy a new motor for her refrigerator.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013