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Trabajando Para  El Futuro Group
In this Group: Sandra Esther, Georgina Faustina, Margarita, Evelyn Julia, Gloria Ricardina, Julia Matilda, Andrea Mirtha

Update on Trabajando Para El Futuro Group

This is the“Trabajando Para El Futuro” [Working for the Future] communal bank which is made up of seven enterprising and hard-working women who struggle every day to get ahead. Their sole purpose is to ensure the well-being of their families.

This is the case of Evelyn who is 24 years old and single and works as a secretary for a transportation company. She started more than three years ago and it has been going well for her. Her greatest desire is to lend support to her parents with their grocery store and this is why she has asked for a loan to buy rice, sugar, and oil.

The group "Trabajando Para El Futuro" thanks the people who made this loan possible. Evelyn is standing in the back and is the first one on the right with a sky-blue, long-sleeve shirt.
View original language description ↓
Esta es la Alcancía “Trabajando Para El Futuro” conformada por 07 mujeres emprendedoras y comprometidas, que cada día luchan por salir adelante con el único propósito de velar por el bienestar de sus familias. Este es el caso de Evelyn que biene desempeñandose como secretaria en una empresa de transportes. Comenzó hace mas de 03 años donde todo le va bien. Su mayor deseo es de apoyar a sus padres en su negocio de abarrotes. Es por ello que solicitó el crédito para la compra de arroz, azúcar y aceite. Evelyn de 24 años de edad es soltera. El grupo “Trabajando Para El Futuro” agradecen a las personas que hicieron posible este crédito. Evelyn se encuentra de pie en la parte posterior es la primera del lado derecho y viste polo manga larga de color celeste.

Previous Loan Details

The “Trabajando Para El Futuro” community bank is made up of 7 active and enterprising women who seek to improve their lives every day. Sandra is 45 years old, married, and has three children, two of whom are still dependent on her. Sandra makes a living selling beauty products, which are ordered... More from Trabajando Para El 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.

Tags

About Peru

  • $6,715
    Average annual income
  • 34
    View loans »
    Peru Loans Fundraising
  • $55,853,725
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Trabajando Para El Futuro Group's $3,850 loan helped a member to buy rice, sugar and oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2014
Listed
May 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014