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En Busca Del Progreso Group
In this Group: Valdelomar, Jose Alejandro, Almagro, Ivette, Liz Yeny, Segundo, Sigma
Ivette is 22 years old and is single. She is part of the "En Busca del Progreso (In Search of Progress)" group. The group is made up of seven members who chose the name because they are all seeking to succeed in their businesses by supporting one another. For the past three years, Ivette has worked making and selling fast-food such as fried chicken, sandwiches, hotdogs and french fries, drinks, etc. She runs this business in her home from a food cart that is designed to prepare foods. Through this business, she is able to cover her expenses and save to study for a professional career in the future.

The loan that she receives will be used to purchase supplies to prepare food such as potatoes, chickens, disposable containers to serve food, and plastic bags.
View original language description ↓
IVETTE, tiene 22 años de edad, es soltera. Ella forma parte del grupo "En busca del progreso" que está formado por siete socios, quienes eligieron el nombre del grupo debido a que ellos de forman conjunta buscan progresar en sus negocios, apoyándose unos a otros.
Ivette se dedica desde hace aproximadamente tres años a la preparación y venta de comida rápida como pollos broaster, sanguches, salchipapas, bebidas, etc. Éste negocio lo realiza en la puerta de su domicilio en un carrito sanguchero ambientado para la preparación de su comida. Gracias a éste negocio ella cubre sus gastos y puede ahorrar para más adelante estudiar una carrera profesional.
El préstamo recibido lo invertirá en la compra de insumos para la preparación de su comida, como papa, pollos, los artículos descartables en los que sirve y bolsas plásticas.

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
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of En Busca Del Progreso Group's $1,550 loan helped a member purchase supplies to sell fast-food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014