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San Martin Group
In this Group: Lucila Eugenia, Jeremias Marino, Aracely Yuliana, Siveria Domitila, Marcelo Gaudencio, Diana Carolina, Fortunato Luciano

Update on San Martin Group

“SAN MARTIN” is a group comprised of enthusiastic members dedicated to retail businesses. Lucila, 56, is single and has 1 dependent child. She sells food in the surrounding areas of her home and in her spare time, sells beauty products by catalog. She'll invest the loan in kitchen utensils. Her biggest dream is to open a country restaurant in her home. The group is grateful to the Kiva lenders for their support. Lucila is the second on the left, wearing a white t-shirt with a brown sweater.
View original language description ↓
“SAN MARTIN” es uno grupo conformado por socios entusiastas dedicado al comercio minorista. Lucila tiene 56 años de edad es soltera con un hijo independiente. Ella se dedica a la venta de comida en las afueras de su vivienda y en sus tiempos libres vende productos de belleza a través de catálogos. El crédito lo invertirá en la compra de utensilios de cocina. Su mayor deseo es aperturar su restaurant campestre en su domicilio. El grupo agradece a los inversionistas KIVA por el crédito brindado. Lucila es la segunda del lado izquierdo viste polo blanco con chompa marrón.

Previous Loan Details

San Martin is one of the groups that pays their installments on time. The members of this group feel very satisfied to be in their sixth cycle. Lucila is 55 years old. She is single and has two adult children. She has been selling beauty products by catalog for many years and she also works a... More from San Martin Group's previous loan »

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.

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.

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 San Martin Group's $1,375 loan helped a member buy kitchen utensils.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 27, 2014
Jul 10, 2014
Currency Exchange Loss:
Nov 17, 2014