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Luchando Por Un Sueño Group
In this Group: Valeria, Sandra, Esthefani Yesari, Angelica, Raida, Doris

Update on Luchando Por Un Sueño Group

Angélica, 63, is married and belongs to the "LUCHANDO POR UN SUEÑO" communal bank group which has helped her to improve her income. For 40 years she has been selling materials for shoe repair. The loan she is requesting will be used to buy soles, dye, heels, buckles and glues.

The group is grateful to KIVA lenders for the loan. Angélica is the third woman from the left in a blue jacket and green shirt.
View original language description ↓
Angélica tiene 63 años es casada. Ser socia del grupo “LUCHANDO POR UN SUEÑO” le ha permitido mejorar sus ingresos económicos. Hace 40 años se dedica a la venta de materiales para renovar calzados. El préstamo lo invertirá en la compra de suelas tintes pegamentos hebillas tacones. El grupo agradece a los inversionistas KIVA por el préstamo. Angélica es la tercera del lado izquierdo viste casaca azul y polo verde.

Previous Loan Details

The members of the “Luchando por un sueño” (Fighting for a dream) group are delighted about having entered their 10th loan cycle. They make their living in a variety of activities for retail sale. Doris is 46 years old and lives with two children who are studying. In the group, Doris occupies... More from Luchando Por Un Sueño 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
  • 85
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luchando Por Un Sueño Group's $3,600 loan helped a member to buy soles, heels, buckles and glue.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2013
Listed
Dec 29, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Luchando Por Un Sueño Group. It was first posted on Kiva on Sep, 2013. Learn More