A loan of $3,275 helped a member purchase merchandise.

Mi Progreso Group's story

M. A. Norma Elena is president of the Alcancía Comunal Mi Progreso. In the morning she serves the bar while also preparing the takeout menu which she sells from the entryway of her home. The menu includes delicious plates such as ceviche, stuffed potatoes and fried liver. In the afternoon she prepares her very rich "cachangas" [a desert that is commonly maD. of flour and wheat] that she serves with coffee. Norma is 46 years old and is married to Mr Beder Villanes. They have six children, three of whom are independent, and three of whom she and her husband support with their studies. They live in the Carabayllo district in Lima, Peru. Norma has said she is very appreciative of EDAPROSPO as they loans she has received from them enabled her to educate her older children who are now professionals.

The Alcancía Comunal has provided loans for 10 members during this second cycle of the second phase in the amount of S/ 9,900.00. Each client is dedicated to various activities such as food, beauty products, handicrafts, clothing sales, artisanal products. When one of the members is ill or suffering from an accident they come together in solidarity and proviD. support in barbeucing chicken, etc, so that they do not fail in paying back the loan. They are united, responsible, punctual and the money loaned to them will be invested in purchasing merchandise to attract attention for their businesses and foster customer loyalty.

In this group: Antonia, Carmen Rosa, Elga Linter, Margarita, Norma Elena, Rosa Francisca, Maria Del Pilar, Sheila Elizabeth, Nelly Doris, Diana Carolina

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Translated from Spanish by Kiva volunteer Chloé Tuot

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Lenders and lending teams

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