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Jun 10, 2016 1:12 EST

Peru: A portion of Cruz De Mayo Group’s $2,525 loan helps a member to buy chairs and tables.

iCrowdNewswire - Jun 10, 2016

Cruz De Mayo Group

 

 

Cruz De Mayo Group’s story

This is the “CRUZ DE MAYO” group, created many years ago by entrepreneurial people. Now, it is made up of 9 very responsible people who decided to continue working as a team to meet their objectives. It is represented by its president Guillermina, who has 4 children who are already adults. For some years, she has had a business selling desserts and fast food in the area surrounding her house. This is why she will invest the loan in buying tables and chairs that she needs to be able to better serve her customers. She is very happy and thankful to the Kiva investors for all of the support that they are giving her. In the group photo, Guillermina is standing in the middle of the rest of her friends, who are sitting. 

Borrower image

 

In this group: Maria Pilar, Guillermina Olga, Victor Jesus, Romulo Eleodoro, Shyrle, Dario Manuel, Nelly Mercedes, Agnetha Rocio, Eda Gladys
*not pictured

 

 

Translator profile pictureTranslated from Spanish by Kiva volunteer Cristina Bleicher View original language description

This loan is special because:

It reaches low-income borrowers through its group lending methodology.

 

Kate
Kiva staff

 

More about this loan

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.

 

A portion of Cruz De Mayo Group’s $2,525 loan helps a member to buy chairs and tables.

 

 

Contact Information:

Cruz De Mayo Group

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