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La Amistad Group
In this Group: Amelia Velia, Valeria Teodora, Soledad Jessica, Maria Antonia, Maruja, Norma Ofelia
The “La Amistad” (Friendship) group consists of six enterprising women who are starting the seventh cycle. María’s 38-year-old has a spouse and three children attending school. She’s been working knitting for several years and has been able to help her husband with expenses and with her children’s schooling. María sells the clothes she knits to clothes merchants. In her free time she caters festive events to order.

She will use the loan to buy yarn to make sweaters and gloves. Her greatest wish is to have a stand where she can sell her knitwear. María is first on the right.

The group is grateful to Kiva lenders for the loan granted. Valeria appears in the inserted photo above; she was unable to attend the meeting because of health issues.
View original language description ↓
El grupo “LA AMISTAD” está conformado por 6 mujeres empeñosas quienes se encuentran pasando el séptimo ciclo. Maria tiene 38 años es conviviente con 3 hijos aun educando. Maria se dedica al tejido hace varios años con el cual ha podido ayudar a su esposo con los gastos y educación de sus hijos. Maria distribuye las prendas que teje a los comerciantes de ropa. En sus tiempos libres se dedica a cocinar en eventos festivos y a pedido de sus clientes. El préstamo lo invertirá en la compra de lanas para elaborar chompas y guantes. Su mayor deseo es tener un stand donde pueda ofrecer sus tejidos. El grupo agradece a los inversionistas KIVA por el préstamo otorgado. Maria es la primera del lado derecho.De la misma manera se encuentra adherida la foto de Valeria en la parte superior derecho que no puedo estar presente en la reunión por motivos de salud.

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
  • 53
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Amistad Group's $1,725 loan helped a member to buy yarn.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013