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Cesar Vallejo De V.e.s Group
In this Group: Anita , Ines Esperanza , Maruja Margarita , Cecilia , Amelia , Constantina

Update on Cesar Vallejo De V.e.s Group

The members of the Communal Bank “Cesar Vallejo de V.E.S.” are a group that consists of six enterprising individuals who have great creativity with their businesses.

Cecilia is 52 years old, single, and has no children. For the past three years, she has been selling food during the day as well as at night. Cecilia says that she has gained the loyalty of her customers and is able to generate income to cover her household expenses. In the future, she would like to have her own location where she can sells food and generate more earnings. The loan she is receiving will be invested in the expansion of her stall (tables, chairs, cutlery, plates, etc.) so that she can get ahead.

Cecilia and all of the other members are grateful to Kiva. In the photo, Cecilia is the first person on the right who is holding a white bag in her hand. The group commits to accomplishing all of their proposed goals.
View original language description ↓
Un grupo conformado por 6 personas emprendedoras y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “CESAR VALLEJO DE V.E.S”. Cecilia de 52 años de edad soltera y sin hijos, ella se dedica hace 3 años a la venta de comida tanto en el día como en la noche. Cecilia nos cuenta que ha llegado a fidelizar a sus clientes el cual le ha generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un local propio donde poder vender su comida y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en ampliar su local comprar (sillas,mesas,cubiertos,platos etc) y así poder salir adelante. A la vez Cecilia y todos los integrantes se encuentran agradecidos con Kiva, Cecilia es la primera de la mano derecha se le distingue con una bolsa de color blanco que lleva sobre la mano, Se despide Dejando la promesa que cumplirá todas sus metas propuestas

Previous Loan Details

Inés, 43, is single and doesn't have children. For three years, she has worked by repairing clothing. Inés makes clothing in a small rented space with the goal of moving forward. Inés knew how to gain customers so she can improve her quality of life. Inés is requesting this loan to buy fabric ... More from Cesar Vallejo De V.e.s 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

  • $12,000
    Average annual income
  • 102
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cesar Vallejo De V.e.s Group's $2,300 loan helped a member to buy tables, chairs, cutlery, plates, and other items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2014
Listed
Apr 24, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014