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Nueva Esperanza Group
In this Group: Crisalida, Jacqueline, Luisa Octavia, Luisa Lucrecia, Maria Epifania, Maria Francisca, Wilver Fermin, Reyna Alicia
The "Nueva Esperanza" ("New Hope") group is a group made up of hard-working and entrepreneurial members who fight day after day to improve their families' economic situation. Maria is 58 years old and lives with her partner. All of her children are independent. In the group, she carries out the function of president, and was elected by the members. For three years, Maria has been preparing food to offer to construction workers and the general public. On Sundays she makes tamales to offer to her neighbors. For many years she has participated in the community kitchen in the area where she lives. She will use the loan to buy larger pots. Her biggest dreams are to buy a sandwich cart and to finish building her house. The group thanks the Kiva lenders for the loan provided. Maria is the first one on the right side.
View original language description ↓
El grupo “NUEVA ESPERANZA” es uno grupo conformado por socios trabajadores y emprendedores quienes día a día luchan para mejorar su economía familiar. Maria tiene 58 años es conviviente con hijos todos independientes. El grupo cumple la función de presidenta quien fue elegida por los socios. Maria hace 3 años viene preparando comida para luego ofrecer a los trabajadores de obras civiles y a las galerías. Los domingos prepara tamales para ofrecerlos a sus vecinos. Hace muchos años viene participando en el comedor de la zona donde vive. El préstamo lo invertirá en la compra de ollas más grandes. Su mayor deseo es comprar un carrito sanguchero y terminar de construir su casa. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Maria es la primera del lado derecho.

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.

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About Peru

  • $6,715
    Average annual income
  • 111
    View loans »
    Peru Loans Fundraising
  • $56,069,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $3,475 loan helped a member to buy larger pots.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014