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El Huarango Group
In this Group: Elena, Yola Irma, Liz Janeth, Lisseth Yanina, Maria, Diana Carolina
María is 42 years old, and has a 3 year old son. She is a member of the group "El Huarango," which is made up of 6 members, all of them with a different business. For approximately the last five years, María has made a living selling food, running her business out of her own home. Thanks to her work, she can cover her household expenses and above all have economic independence. At the same time she works recycling plastics, papers, etc., which also generates a little extra income for her.

She will use the received loan to invest in the purchase of supplies for the preparation of the food that she offers to her customers.
View original language description ↓
María, tiene 42 años de edad, tiene un niño de 3 años. Ella es socia del grupo "El Huarango" el cual está formado por seis socios, todos ellos con un negocio diferente.
María se dedica a la venta de comida desde hace aproximadamente cinco años, negocio que realiza en su propio domicilio, gracias a su trabajo ella puede cubrir los gastos de su casa y sobretodo tener una independencia económica. Paralelamente ella trabaja reciclando plásticos, papeles, etc. lo cual también le genera un pequeño ingreso extra.
El préstamo recibido lo invertirá en la compra de insumos para la preparación de los alimentos que ofrece a sus clientes.

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

  • $12,000
    Average annual income
  • 98
    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 El Huarango Group's $2,625 loan helped a member to invest in the purchase of supplies for the preparation of food that she will sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014