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Las Azucenas Group
In this Group: Bonifacia, Julia*, Nidia, America Isabel, Maria Isabel, Vilma, Ana Rosa, Judith Liliana, Delia
* not pictured
The “Las Azucenas” (Easter Lilies) communal bank is a responsible group that has shown solidarity among them. It consists of nine, hardworking women.

Such is Delia’s case, a 23-year-old, married young woman with one dependent child. For more than two years now Delia has had a small shoe manufacturing shop. This business arose when it was noted that her husband’s income was insufficient to cover some of the household expenses. With the fruit of her efforts she was able to buy a piece of land and also to equip her business with the purchase of one shoe-making machine.

Aiming at continuing to improve, she requested the loan because she wants to buy another shoe-making machine that will make her work easier. Her greatest wish is to finish building her house.

The members of the “Las Azucenas” group are grateful to people who made this loan possible. Delia is standing first on the right wearing a black shirt and she’s carrying her son in her arms.

Bonifacia is in the upper left because she was unable to attend due to work, as well as Julia.
View original language description ↓
La Alcancía Comunal “Las Azucenas” es un grupo responsable que han demostrado ser solidarios entre ellos, la cual está conformada por 09 mujeres trabajadoras. Este es el caso de Delia una joven de 23 años, casada con 01 hijo dependiente. Hace más de 02 años que Delia cuenta con un pequeño taller de armados de calzados. Este negocio surgió al ver que los ingresos de su esposo no alcanzaban para cubrir algunos gastos del hogar. Con el el fruto de su esfuerzo a podido comprar su terreno y también implementar su negocio con la compra de 01 máquina de calzados. Con el fin de seguir mejorando solicitó el crédito, pues desea compra otra máquina de zapato, la cual le facilitará su trabajo. Su mayor deseo es de terminar de construir su vivienda. Los integrantes del grupo “Las Azucenas” están agradecidos con las personas que hicieron posible este crédito. Delia se encuentra de pie es la primera del lado derecho, viste polo negro y en brazos lleva a su hijo. Bonifacia se encuentra en la parte superior al lado izquierdo, pues no pudo asistir por motivo de trabajo al igual que la señora Julia.

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
  • 125
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Azucenas Group's $3,925 loan helped a member to buy shoe-making machinery.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013