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Solidaridad Group
In this Group: Rosa, Maritza, Lucinda Estela, Rosario Martina, Paulina, Mirian Carmela*, Yvon Yicela
* not pictured

Update on Solidaridad Group

The “SOLIDARIDAD” bank is represented by seven enterprising woman. Yvon is 50 years old, married, and has two children who study at university. Yvon has a hardware store and sells all kinds of construction materials. Her business has been located in a rented location for ten years and it has prospered very much. This makes her very happy and she shares the work with her husband. They both work to get the family ahead. She will use the money from this loan to buy materials such as pipes, metal items, and cement. In the future she wants to open another branch of her business. The group wants to thank the lenders for this loan. Yvon is the second person from the left, wearing black.
View original language description ↓

La Alcancía “SOLIDARIDAD” está representada por 07 socias todas mujeres emprendedoras. Yvon de 50 años es casada y tiene 02 hijos que siguen estudios universitarios. Yvon tiene una ferretería donde vende toda clase de materiales para construcción, su negocio está ubicado en un local que alquila por más de 10 años durante todo ese tiempo su negocio ha prosperado mucho y eso la hace muy feliz, en el trabajo comparte labores con su esposo ambos trabajan para sacar adelante a su familia El crédito solicitado lo destinará para la compra de materiales como tuberías, fierros y cemento. En el futuro desea abrir otra sucursal de su negocio El grupo quiere agradecer a los inversionistas por este préstamo. La Sra. Yvon es la segunda de la izquierda esta con ropa color negra.

Previous Loan Details

This is the Solidaridad (Solidarity) group. Mirian, 51, is one of the partners. She has an eight-year-old son. At the present time she is living with her sisters whom are very close and supportive of each other. Mirian works for herself. Five years ago, her sister encouraged her to start her o... More from Solidaridad 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.

Tags

About Peru

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidaridad Group's $4,050 loan helped a member to buy merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014