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Mujeres Buscando Un Futuro Group
In this Group: Maria Petronila, Consuelo, Cadith, Maria Angelica, Edith Bertha, Gloria, Irma Josefina

Update on Mujeres Buscando Un Futuro Group

Irma, a mother of five children who are 30, 28, 22, 15 and 8 years old, has been working selling food for eight years now. This borrower, from the Mujeres Buscando Un Futuro (Women Seeking a Future) Group, lives with her five children and a sister. She is not the only source of support for her family now that the older children help her with household expenses.

She sells food every day and says she feels very proud of what she does. She works at this because it is in the family, since her mother also sold food. She intends to invest the money from the loan in the purchase of supplies to prepare the food and in new utensils for her stand. This mother's dream is to have more than one vendor stand.

She feels happy to belong to the group and receive the trust of the other members. She has only words of gratitude for the foreign lenders like KIVA and she wishes them the best of luck in their work.
View original language description ↓
La señora Irma, madre de cinco hijos de 30, 28, 22, 15 y 8 años se dedica a la venta de comida desde hace ya ocho años. Esta socia del grupo “mujeres buscando un futuro” vive con sus cinco hijos y una hermana. Ella no es el único sustento de su familia ya que sus hijos mayores le apoyan con los gastos del hogar.
Ella vende comida todos los días y dice que se siente muy orgullosa de lo que hace. Ella se dedica a esto por herencia familiar puesto que su mamá también vendía comida. La señora piensa invertir el dinero del crédito en la compra de los insumos para preparar su comida, y en nuevos utensilios para su puesto. El sueño de esta madre es tener más de un puesto de venta.
La señora se siente feliz de pertenecer al grupo y de recibir la confianza de las otras socias. Ella solo tiene palabras de agradecimiento para los inversionistas extranjeros como KIVA y les desea mucha suerte en su labor.

Previous Loan Details

“Mujeres Buscando Un Futuro” is a communal bank consisting of 9 members. Edith is one of its them. She is 40 years old, lives in a common-law marriage and has 4 children under age who depend on the income of Edith and her partner. Edith sells beauty products. She started this business 15 years… More from Mujeres Buscando Un Futuro 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
  • 62
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Buscando Un Futuro Group's $2,925 loan helped a member to buy supplies and utensils for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014