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Madres Coraje Group
In this Group: Lidia Maria Petronila, Maria Eugenia, Maria Teresa Rafaela, Maria Gissela, Luis Junior
This is the "Madres Coraje (Courageous Mothers)" group, formed of five members. The large majority of them are neighbors in the area and going through their fourth loan cycle. This group has demonstrated honesty and solidarity among the members. Maria Teresa, 33 years old, is separated with one son, who has been her motivation for moving upward and onward. Maria Teresa started selling beauty products with the goal of moving up. Maria Teresa decided to start her new business where she now provides construction materials.

The revenues that she earns are used for groceries and for her son's education. With the loan that she requested, she will purchase construction materials such as nails, metals, and paintbrushes. Later, she is thinking of opening a restaurant, and she says she will have better earnings. The Madres Coraje group is grateful for the loan provided because it makes their progress possible. Maria Teresa is the second from the right (in the photo), seen wearing the black sweater and brown polo shirt. We see her accompanied by her son.
View original language description ↓
Este es el grupo “Madres Coraje” conformado por 05 socios, la gran mayoría de ellos vecinos de la zona que pasan a su 4to ciclo, dicho grupo han demostrado honestidad y solidaridad entre sus compañeros. María Teresa de 33 años de edad es separada con 01 hijo, la cual ha sido su motivo para salir adelante. María Teresa se inició en la venta de productos de belleza, con los deseos de superación María Teresa decide iniciar su nuevo negocio donde actualmente brinda materiales de construcción. Los ingresos que percibe lo destinan para alimentos y en la educación de su hijo. Con el crédito que solicitó comprará materiales de construcción como clavos, fierros y brochas para pintar. Posteriormente piensa aperturar un restaurante, pues así asegura ella tendrá mayores ganancias. El grupo “Madres Coraje” agradecen el crédito brindado ya que hace posible su progreso. María Teresa es la segunda del lado derecho viste chompa negra y polo morado, la vemos acompañada de su hijo.

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
  • 79
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Madres Coraje Group's $1,875 loan helped a member purchase nails, metal, and paint brushes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014