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Micaela Bastida Ii Group
In this Group: Toribia, Hellen, Demesia, Marili, Loretta, Yrma, Liseth, Orfelinda, Ana Ysabel

Update on Micaela Bastida Ii Group

This communal group, "Micaela Bastida II" is made up of nine enterprising people who bring a lot of creativity to their businesses. The featured borrower is Demesia. She is fifty-three years old, is married, and has five children. She has been making a living selling food during both the day and night for seven years. Demesia has built up a loyal customer base, allowing her to generate better profits in order to cover home expenses.

In the future, she would like to have her own stall where she could sell her foods and obtain even better economic profits. With the requested loan, she will invest in founding her business premises, which will allow her to move herself ahead.

Demesia and all the group members are grateful to Kiva. In the photo, Demesia is in the green sweater. She would like to close her message in saying that she will keep her promise to work towards all of her proposed goals.
View original language description ↓
Un grupo conformado por 9 personas emprendedoras y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “Micaela Bastida II”. La Sra. demesia de 53 años de edad casada y madre de 5 hijos, ella se dedica hace 7 años a la venta de comida tanto en le día como en la noche r. La Sra. Demesia 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 su comida y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en ampliar su local y así poder salir adelante. A la vez la Sra. Demesia y todos los integrantes se encuentran agradecidos con Kiva , A la sra. demesia se le distingue con su chompa de color verde, Se despide Dejando la promesa que cumplirá todas sus metas propuestas

Previous Loan Details

The community group “Micaela Bastida II” is made up of eight women entrepreneurs with a lot of creativity for business. Toribia is 39 years old, married, and has four children. She has worked for three years recycling paper. Toribia tells us that with a lot of hard work and the help of her husban... More from Micaela Bastida Ii 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
  • 83
    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 Micaela Bastida Ii Group's $4,375 loan helped a member to enlarge her business premises.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Nov 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014