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Lilia Magaly,
Lilia has three children: 16, 14 and 8 years old. She has always dedicated herself to their care and to the care of her home. A year ago, only her husband was bringing an income into the household. Since then, a group of friends encouraged her to form a lending group so that each could invest in their business.

She began by selling clothing on demand. For a year now she has been selling clothing of various sorts. Today her only wish is to increase the amount of merchandise she has so that she can open a proper store in the future. Because of this, she reinvests her profits in the purchase of more clothing.

Lilia es madre de tres hijos, uno de dieciséis, el segundo de catorce y el último de ocho años. Siempre se ha dedicado al cuidado de ellos y al mantenimiento de su hogar. Hace un año su esposo era el único que llevaba el dinero a casa. No obstante, en ese tiempo un grupo de amigas la animaron a formar un grupo de préstamos para poder invertir cada una en un negocio en particular.
Ella accede a empezar con el negocio de venta de ropa bajo pedido. Hoy ya lleva un año con la venta de diferentes prendas de vestir. Ahora su único deseo es poder crecer con la cantidad de mercadería para poder abrir una tienda en el futuro. Es por ello que sus ganancias las vuelve a reinvertir en compra de ropa.

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.

About Peru

  • $12,000
    Average annual income
  • 117
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $225 helped Lilia Magaly, to buy more merchandise to retail.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2009
Listed
Feb 23, 2009
Currency Exchange Loss:
N/A
Ended:
Jul 2, 2009