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Sembrando Esperanza Group
In this Group: Humbelina, Ynes Elena, Maria Rosa, Zoraida Mery, Veronica Del Rosario, Angelica Maria, Edilberto Alfonso

Update on Sembrando Esperanza Group

The "Sembrando Esperanza" group is made up of seven members who work offering services and performing various activities in the retail business. Elena is a 40-year old woman, single and mother of three children who attend school. She is the president of the group and, for many years, has been selling common reed, flowers and fruit. It is her mother who started selling common reed and now Elena supports her.

She used the loan to buy common reed, flowers and fruit, and her biggest dream is to finish the construction of her house. The group members are grateful to Kiva lenders for this loan.

On the photo, Elena is the third member from the left. She wears a blue jacket.
View original language description ↓
El grupo “SEMBRANDO ESPERANZA” está conformada por 07 socios quienes se dedican a brindar servicios y a las diversas actividades del comercio minorista. Elena tiene 40 años es soltera con tres hijos educando. En el grupo cumple la función de presidenta. Hace muchos años se dedica a la venta de carrizo, flores, y frutas. La venta de carrizo la inicio su madre a quien apoya hoy en día Elena. El préstamo lo invirtió en la compra de carrizo, flores y frutas. Su mayor deseo es terminar de construir su vivienda. El grupo agradece a los inversionistas KIVA por el préstamo. Elena es la tercera del lado izquierdo viste casaca azul.

Previous Loan Details

Greetings from the Sembrando Esperanza group, which is made up of seven members who have been working for more than a year. During this time the companions have shown responsibility and solidarity among themselves. This is the case of Ynés, 40, who is separated and has two school-age children... More from Sembrando Esperanza 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

  • $6,715
    Average annual income
  • 82
    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 Sembrando Esperanza Group's $3,475 loan helped a member to buy common reed, fruit and flowers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Sembrando Esperanza Group. It was first posted on Kiva on Mar, 2013. Learn More