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Julio C. Tello Al Progreso Group
In this Group: Damiana Eleuteria, Edich Raquel, Carmen Maritza, Anabel Judith, Floriana Rachela, Juliana Anali, Victoria, Florinda

Update on Julio C. Tello Al Progreso Group

The “Julio C. Tello Al Progreso” Group is composed of 8 members who are dedicated to diverse commercial retail activities.

Floriana, president of the group, is 58 years old, married, and her children are now independent. For the last 20 years, she has sold food, candy, soft drinks, and fruit in a kiosk outside her house. Years ago, she used to sell meals in a public market. Floriana will invest her loan in purchasing groceries, candy, and soft drinks. Floriana is the 2nd person seated from the left of the picture and is wearing a white sweater.

The Group is grateful to Kiva investors for the offer of a loan.
View original language description ↓
El grupo “JULIO C. TELLO AL PROGRESO” está conformada por 08 socias quienes se dedican a diversas actividades del comercio minoristas. Floriana tiene 58 años es conviviente con hijos independientes. En el grupo cumple la función de presidenta hace 20 años se dedica a la venta comida, golosinas, gaseosas y frutas en un quiosco en las afueras de su vivienda. Años atrás se dedicaba a la venta de menú en un mercado. El préstamo lo invertirá en la compra de víveres, golosinas y gaseosas. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Floriana es la segunda persona sentada del lado izquierdo viste chompa blanca.

Previous Loan Details

Raquel, 30, lives with her common-law husband and son, who is still in school. She is a member of the communal bank "JULIO C. TELLO AL PROGRESO" which has helped her improve the family economy. She used to teach dancing at a school called La Canuta but for two years she has been working in the ... More from Julio C. Tello Al Progreso 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
  • 179
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Julio C. Tello Al Progreso Group's $2,575 loan helped a member buy groceries, candy, and soft drinks to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 10, 2013
Oct 24, 2013
Currency Exchange Loss:
Mar 17, 2014