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Arco Iris Group
In this Group: Esmeni Liberata, Roberta Celinda, Jesus, Sabina Ignacia, Gudelia Benerilda, Hermenejildo Andres, Benilda Sabina, Amel Lionel, Narcisa Bethy, Narcisa, Gilberto Enil, Maria Isabel, Jonathan Lincolls

Update on Arco Iris Group

Narcisa is fifty-three and is a widow. She has a business selling tamales and ground corn as a street vendor. She also raises poultry like chickens and ducks. In this way, she has been able to educate her children when they were still dependent on her. Years ago, she was a housewife. She will invest this loan in the purchase of corn, oil, and sugar. Her biggest wish is to improve her home. Her group is thankful to the Kiva investors for this loan. Narcisa is the third person from the right in the photo, dressed in the blue shirt. The photo at the top right is of Andrés, who arrived late to the meeting because he was working.
View original language description ↓
Narcisa tiene 53 años viuda inicio su de negocio de venta de tamales y humitas en forma ambulatoria a la vez cría aves de corral como gallinas y patos. De esta manera a podido educar a sus hijos cuando estos aún era dependiente. Años atrás se dedicaba a ser ama de casa. El préstamo lo invertirá en la compra de maíz aceite y azúcar. Su mayor deseo es mejorar su vivienda. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Narcisa es la tercera del lado derecho viste polo azulino. Y de la misma manera esta incluida la foto de Andres en la parte suprior derecha que llego tarde a la reunión por haber estado laborando.

Previous Loan Details

This is the “Arco Iris” ["Rainbow"] group, made up of 14 community members, the great majority of them neighbors from the area. Hermenejildo is the group's treasurer, a duty he has carried out responsibly. He is 53 years old and married, with 4 children who are now independent. Hermenejildo and h... More from Arco Iris Group's previous loan »

Additional Information


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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 175
    View loans »
    Peru Loans Fundraising
  • $60,197,200
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Arco Iris Group's $3,025 loan helped a member to buy corn, oil, and sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 6, 2013
Currency Exchange Loss:
Feb 17, 2014