Mi nombre es Teresa vivo junto a mi esposo en la localidad de Chuquibamba. Me dedico a la vena de alimentos en mi restaurante que con mucho esfuerzo y con apoyo…
Food
Peru
Loan amount €1,060
Funded 100%
by 9 members
Funding disbursed to MFI, repayments ongoing
Disbursement date: 03/01/2019
Final repayment of the loan: 09/01/2020
| Capgemini by MicroWorld's investors have funded: | €1,060 |
Teresa - Expand a selling point
Borrower
First name:
Teresa
Gender:
Female
Age:
50
Marital status:
Married
Number of children:
0
Region:
Chuquibamba
Loan Request
Purpose:
Expand a selling point
Amount:
€1,060
Duration:
18 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 Teresa vivo junto a mi esposo en la localidad de Chuquibamba. Me dedico a la vena de alimentos en mi restaurante que con mucho esfuerzo y con apoyo de mi esposo logre abrir, solicito el microcrédito para ampliar mi punto de atención logrando captar nuevos clientes y aumentar el volumen de mis ventas. En un futuro deseo mejorar mi calidad de vida y seguir contando con bienestar.
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 Capgemini by MicroWorld: 108 months
- Repayment rate: 100%
Rates and transparency
- This loan does not pay any interest to the lender.
- Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at contact@microworld.org.
- 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 beneficiaries have been well informed about the risks of over-indebtedness and the consequences of payment default.
- 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 |
