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Ebenezer Group
In this Group: Nelly, Elisea*, Luzelvaris Maria Elena, Adrian, Luis Rafael, Rosa Alejandrina , Ruth Gladys
* not pictured

Update on Ebenezer Group

The Ebenezer communal bank is a group made up of seven enterprising people with a great deal of creativity in business.

Señora Ruth is 51 years old and married with three children. Ruth has had a small rented grocery store for about nine years. Ruth, with the help of her family, has figured out how to make a living. She has also managed to win the loyalty of her customers, which has generated earnings that allow her to cover her household costs. In the future, she would like to own her own shop where she could sell her products (sugar, coffee, milk, rice, etc.).

With the loan granted, Ruth will invest in the purchase of more products so that she can continue satisfying her customers' needs and thus be able to support herself. She and all the members are grateful to Kiva for the loan granted, and for the trust that has been placed in them.

Señora Ruth can be recognized by her light green shirt. She concludes with the promise that she will fulfill all her stated objectives.
View original language description ↓
Un grupo conformado por 7 personas emprendedores y con mucha creatividad para los negocios. Así son los integrantes del grupo comunal “EBENEZER”. La Sra. Ruth de 51 años de edad casada y con 3 hijos, la Sra. Ruth tiene una pequeña bodega (alquilado) hace unos 9 años. La Sra. Ruth con la ayuda de su familia a sabido salir adelante tanto así 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 productos (azúcar, café, leche, arroz etc.) . Con el préstamo otorgado lo invertirá en comprar más productos y así seguir satisfaciendo las necesidades de sus clientes y así poder salir adelante. A la vez la Sra. Ruth y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. La Sra. Ruth se le distingue por su chompa de color verde claro Se despide Dejando la promesa que cumplirá todas sus metas propuestas.

Previous Loan Details

Greetings from Peru! The "Ebenezer" group is made up of seven enterprising and charismatic members. One member, Nelly, is 52 years old and is a very courageous woman. She sells food in her small grocery store, which is run out of her house. She is applying for this loan in order to stock up the… More from Ebenezer 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
  • 77
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ebenezer Group's $4,500 loan helped a member to buy legumes, sugar, milk, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014