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Luz De La Esperanza Group
In this Group: Dademia Nilda*, Olga Jhanet, Sindy Pilar, Simon Emiliano, Omar Ericcsson, Daniel Fernando, Antony Edwin
* not pictured
The members of the "Luz de la Esperanza" [Light of Hope] group are young, enterprising and hardworking; they are in their seventh loan cycle. Antony is 21 years old and unmarried. He has worked as an industrial mechanic for several years and is also studying mechanics and maintenance at an institute that specializes in industrial maintenance.

Antony will use the loan to invest in a power tool. His biggest goal is to finish his studies and find stable employment. The group thanks Kiva investors for this loan. In the photo, Antony is at the far right, while another member, Dedamia, was not able to be present due to work commitments.
View original language description ↓
El grupo “LUZ DE LA ESPERANZA” está conformado por socios jóvenes trabajadores y empeñosos. Quienes se encuentran pasando el 07 ciclo. Antony tienes 21 años es soltero trabaja brindando servicios de mecánico industrial hace mas de un años a las vez estudia mecánica y mantenimiento en un instituto especializado en mantenimientos industriales. El préstamo lo invertirá en la compra de una herramienta electroportatil. Su mayor deseo es terminar su carrera técnica y lograr su estabilidad laboral. El grupo agradece a los inversionistas KIVA por el préstamo. Antony es el primero del lado derecho. De la misma menar la Sra. Dedamia no pudo estar presente en la reunión por motivos laborales.

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
  • 117
    View loans »
    Peru Loans Fundraising
  • $56,069,725
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz De La Esperanza Group's $3,475 loan helped a member pARA COMPRAR UNA HERRAMIENTA ELECTROPORTATIL.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Jul 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014