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Las Palmeras Group
In this Group: Herminia Gladys, Celia Florencia, Eomelia, Miriam, Nilba Gloria

Update on Las Palmeras Group

Herminia, 57, is married with 5 independent children and belongs to the "Las Palmeras" group, which is made up of 5 hardworking, dedicated women who work in different business activities. Herminia makes her living buying and selling clothing, which she does by orders. She feels happy; thanks to her work, she has improved her home.

The loan that she is applying for will be used for the purchase of clothing like sweaters, pants, polo shirts and blouses. Her greatest desire is to open a place of business where she can offer her products. The "Las Palmeras" community bank thanks the Kiva investors for supporting their progress. Herminia is the second woman on the left side wearing a cream colored blouse.
View original language description ↓
Herminia de 57 años es casada con 05 hijos independientes y pertenece al grupo “Las Palmeras” la cual está conformada por 05 mujeres trabajadoras dedicadas a distintas actividades de comercio. Herminia se dedica a la compra y venta de prendas de vestir, la cual lo realiza a pedidos. Se siente feliz pues gracias a su trabajo a mejorado su vivienda. El crédito que solicitó lo destinará para la compra de ropas como chompas, pantalones, polos y blusas. Su mayor anhelo es de aperturar un local donde pueda ofrecer sus productos. La Alcancía Comunal “Las Palmeras” agradece a los inversionistas Kiva por apoyar en su progreso. Herminia es la segunda del lado izquierdo y viste blusa crema.

Previous Loan Details

The community bank "Las Palmeras" (The Palm Trees) is located in Zone R. D. Huaycán in the province of Lima. It is composed of 13 members who make a living as small storekeepers. They have been co-operating with the microfinance institution Edaprospo-Prosperidad for five years. Gladis S., ent... More from Las Palmeras Group's previous loan »

Additional Information


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

  • $12,000
    Average annual income
  • 130
    View loans »
    Peru Loans Fundraising
  • $57,919,550
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Palmeras Group's $2,225 loan helped a member to buy sweaters, pants, polo shirts and blouses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 23, 2013
Jan 17, 2014
Currency Exchange Loss:
May 17, 2014