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La Amistad Group
In this Group: Rosa Lucia, Yanina Soledad, Rosa , Teresa Agustina, Luisa Aurora, Dominga
Luisa Aurora, 51, belongs to the communal bank La Amistad [Friendship], which is in its second loan cycle. The group has made it payments on time. The members have been responsible, and they wish to grow their businesses and improve their financial situation. For ten years, Luisa Aurora has been weaving sweaters, baby sets, quilts, and other items. She has been able to pay household expenses and her own costs through her work. She will use the loan to buy materials such as wool, thread, and sewing needles.
View original language description ↓
LUISA AURORA, tiene 51 años de edad, ella forma parte del grupo "La Amistad", éste grupo va por su segundo crédito, ha sido un grupo puntual en sus pagos, han demostrado ser personas responsables con las ansias de hacer crecer sus negocios y así salir adelante mejorando su capacidad económica.
Desde hace diez años, Luisa Aurora se dedica a tejer, ella teje chompas, ajuar para bebes, colchitas, etc. Gracias a ésta actividad ella puede asumir los gastos de sus casa y los de ella propiamente.
El préstamo recibido lo invertirá en la compra de material de trabajo como lanas, hilos, agujas de tejer, etc.

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.

About Peru

  • $6,715
    Average annual income
  • 114
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Amistad Group's $1,625 loan helped a member to buy wool for weaving.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014