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Virgen De Yauca Group
In this Group: Gloria, Maria, John Richard*, Carmen Francisca , Elena , Alicia Esther, Pelagia
* not pictured
Gloria is 43 years old and is a single mother of two children. She has worked for the past ten years selling tubers (including potatoes, sweet potatoes, carrots, onions, etc.) in a rented market stall. Gloria has loyal customers, which has provided income in order to cover her household expenses. In the future she would like to have her own stall in order to be able to sell her tubers and obtain better income. With the loan that she receives she will invest in purchasing more tubers and thus be able to get ahead. Gloria and all of the group members in her team are thankful to Kiva and Kiva partner Edaprospo for the loan offered and for the trust that has been placed in them. Gloria can be seen in the picture in a mustard colored sweatshirt, and she is the first person on the right hand side. She promises to meet all of the proposed goals.
View original language description ↓
La Sra. Gloria de 43 años de edad soltera y madre de 2 hijos, ella se dedica hace 10 años a la venta de tubérculos (papa, camote, zanahoria, cebolla etc.) en un mercado alquilado, La Sra. Gloria ha llegado a fidelizar a sus clientes el cual le ha generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un local propio donde poder vender sus tubérculos y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en comprar mas tubérculos así poder salir adelante. A la vez la Sra. Gloria y todos los integrantes se encuentran agradecidos con Kiva y Edaprospo por el préstamo otorgado y por la confianza que se les ha sido brindada. A la Sra. Gloria se le distingue por su chompa color mostaza es la primera de la mano derecha, Dejando la promesa que cumplirá todas sus metas propuestas.

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.

Tags

About Peru

  • $12,000
    Average annual income
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Yauca Group's $3,575 loan helped a member to purchase tubers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014