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Formando Un Futuro Group
In this Group: Hilaria Elsa, Serafina, Herlinda Luz, Yolanda Aurelia*, Restituta Paulina, Gladis Teresa, Natividad, Isabel Regina, Marcelo Miquiar, Jesus
* not pictured
“FORMANDO UN FUTURO” (Forging a Future) Communal Bank

Forging a Future has 10 members who live in San Juan D. Lurigancho and who have managed to overcome family and social problems.

Hilaria, 55, has two independent daughters; that is to say, each has her own family. Hilaria has a kiosk for which she has a municipal permit to operate. She sells snacks, candy, beverages, etc. She also has a Donofrio brand frozen treats cart and a portable telephone booth that people can make phone calls from.

She plans to have a small store in her home to sell food and home cleaning items. Her previous loans have maD. it possible for her to stock her kiosk with all the items her customers want. She has also been saving money and she hopes her savings will grow more and more until she has enough to buy everything she needs to set up her store like shelving, display cases, etc.

She will use this loan for working capital.
View original language description ↓

Formando un Futuro es un grupo que vive en San Juan D. Lurigancho conformado por 10 personas que han sobresalido D. problemas familiares y sociales.
L. señora Hilaria tiene 55 años D. edad, y es madre D. 2 hijas independientes, es decir cada una tiene su propia familia.
En L. actualidad Hilaria tiene un kiosco con permiso D. L. municipalidad donD. venD. golosinas, dulces, bebidas, etc., también tiene un carrito D. helados Donofrio, y un locutorio ambulante, donD. las personas pueden hacer llamadas telefónicas.
ElL. planea tener una pequeña bodega en su propia casa donD. venderá productos alimenticios y D. limpieza, a partir D. préstamos anteriores ha podido mantener su kiosco lleno para satisfacer a todos sus clientes, también ha estado ahorrando una cantidad D. dinero el cual espera que crezca mas y mas, hasta tener lo suficiente para comprar lo que necesita para su bodega, como repisas, estantes, etc.
El préstamo actual lo utilizará para capital D. trabajo.

Additional Information


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
  • 44
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Formando Un Futuro Group's $3,250 loan helped a member for foodstuffs, soft-drinks, candy, frozen treats, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 8, 2010
Jun 1, 2010
Currency Exchange Loss:
Sep 15, 2010