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Emprendedores De Vitarte Group
In this Group: Pilar Liliana, Lilian Roselly, Edith Maria, Marlene Elizabeth, Julia Elizabeth*, Irma Vanessa, Herlinda Margarita, Nelly Yaneth
* not pictured

Update on Emprendedores De Vitarte Group

The communal bank "Emprendedores de Vitarte" is comprised of eight women who are involved in different business activities. One of them is Marlene, 45, who is married and has three children. Marlene has been selling men's and women's shoes from a small stall for ten years in an effort to get ahead and earn extra income. Through her hard effort, Marlene has been able to improve her children's education and also continue improving her business.

She will use the loan to buy more shoes to increase her income.

Marlene is the one wearing a red sweater. She sends her regards to Kiva and Edaprospo and is grateful for the loan that allows her to prosper.
View original language description ↓
Un grupo conformado por 8 mujeres responsables a distintas actividades comerciales. Así son las integrantes del grupo comunal. “EMPRENDEDORES DE VITARTE” una de ellas es la sra. Marlene de 45 años casada y con 3 hijos,la sra. Marlene se dedica ya hace 10 años a la venta de calzado de zapatos tanto para damas como para caballeros en un pequeño local todos los días con el merito de salir adelante y tener un ingreso mas,Con el fruto de su esfuerzo la sra.marlene ha logrado mejorar la educacion de sus hijos y también Seguir mejorando en su negocio,Con el préstamo otorgado lo invertirá en comprar más calzados y así poder tener más ingresos. La Sra. Marlene se encuentra sentada se le distingue con su chompa de color rojo , A la vez se despide con un abraso a Kiva y Edaprospo y agradece el crédito brindado ya que hace posible su progreso.

Previous Loan Details

A group comprised of eight women entrepreneurs with a lot of business creativity make up the communal bank "EMPRENDEDORES DE VITARTE". Liliana, 25, is married and has no children. For two years she has been running a small business selling clothing, and has been able to attract enough customers... More from Emprendedores De Vitarte Group's previous loan »

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.

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
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Emprendedores De Vitarte Group's $3,075 loan helped a member to buy shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Aug 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014