Mi nombre es Roxana, vivo junto a mis 2 hijos en La Real que esta ubicado en Aplao. Me dedico a la venta de prendas de vestir actividad que realizo desde mi loc…
Sales
Peru
Loan amount €280
Funded 100%
by 4 members
Funding disbursed to MFI, repayments ongoing
Disbursement date: 01/01/2019
Final repayment of the loan: 01/01/2020
| MicroWorld's investors have funded: | €280 |
Roxana - Purchase stock
Borrower
First name:
Roxana
Gender:
Female
Age:
44
Marital status:
Single
Number of children:
2
Region:
Aplao
Loan Request
Purpose:
Purchase stock
Amount:
€280
Duration:
12 months
Loan type:
in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.
Borrower's quote
Mi nombre es Roxana, vivo junto a mis 2 hijos en La Real que esta ubicado en Aplao. Me dedico a la venta de prendas de vestir actividad que realizo desde mi local que con mucho esfuerzo logre abrir, solicito el microcrédito para comprar mercancía diversificando mis productos y buscando captar nuevos clientes. En un futuro deseo mejorar mi situación económica y seguir contando con bienestar para brindar una buena educación a mis hijos logrando ser profesionales.
Economic and social context
Peru
With Peru's fast growing economy, the land of the Inca's is helping the global fight against poverty and inequality to gain momentum.
| Population | 29 164 883 |
| GNI per capita | 4 150 USD |
| Economic Growth | 9,80% |
| Poverty rate (less than 2 USD/ day) | 17,8% (in 2007) |
| Unemployment rate | 7% |
| Literacy rate (above 15 years of age) | 90% |
| Life expectancy | 73 years |
MFI Status
- Partnership status: Confirmed
- Credit score:
- Time on MicroWorld: 105 months
- Repayment rate: 100%
Rates and transparency
- This loan does not pay any interest to the lender.
- The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
- 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
- The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
- The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
- More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.
The MFI
Fondesurco
History
Fondesurco, an NGO, was established fifteen years ago following a pilot microcredit program initiated by a set of four NGOs operating in the southern region of the country. The project began with group loans that followed the Grameen Bank methodology.
The MFI has developed the majority of its business in the province of Arequipa, supporting agricultural activities in the Andean highlands, and is trying to deepen its presence in this region by offering services to the most remote villages.
| Date | 31/12/2014 |
| Legal Status | NGO |
| Number of Borrowers | 11,040 |
| Portfolio Size | $20,335,597 |
| PAR (Portfolio at Risk) | 0.47% |
| R.O.A (Return on Assets) | 0.11% |
| Average loan /GNI per capita | 34% |
| % of female borrowers | 59% |
| Saving accounts opened | No (legal status) |
| Collaterals required | Not mandatory |
| Loans for social purposes | Education |
