Mujeres Emprendedoras De Angamos Group
Update on Mujeres Emprendedoras De Angamos GroupWith great effort and sacrifice, Giovanna and her husband have been able to buy their own car. For many years, her husband has worked providing public transportation. He used to drive cars belonging to other people, which did not provide him with much income, while also requiring lots of sacrifice. Now it is different, because having their own vehicle means that their earnings are better. Giovanna is the one who manages the car, taking care of everything that is needed for its good operation. At the same time, she also works cleaning houses and apartments. She has steady customers for whom she provides services several days a week. This income is very useful for her and her family, and they have been able to build their own house. They want to keep making progress, and they are saving their money because they want to buy another car. The loan which EDAPROSPO is facilitating for her will be used to buy the insurance policy and necessary mechanical maintenance. The group she belongs to is called “MUJERES EMPRENDEDORAS DE ANGAMOS” ["Entrepreneurial Women of Angamos"]. It has 7 members who are neighbors in the same area.
• Giovanna is the fifth from the right, and is wearing a black shirt. The group photo includes 2 women who are guests.
Con mucho esfuerzo y sacrificio la Sra. Giovanna junto a su esposo han logrado comprar su propio carro, durante muchos años su esposo se dedica al transporte público y manejaba carros de otras personas lo cual no le dejaba muchos ingresos además de ser muy sacrificado, ahora es diferente porque siendo su propia unidad las ganancias son mejores, la Sra. Giovanna es quien administra el carro está pendiente de todo lo necesario para el buen funcionamiento, por otro lado ella también se dedica a la limpieza de casas y departamentos cuenta con clientes fijos a quienes les realiza el servicio algunos días de semana, estos ingresos son de mucha utilidad para ella y su familia así han construido su propia casa, quieren seguir progresando para ello ahorran porque quieren comprarse otro carro, el préstamo que EDAPROSPO le facilita le servirá para comprar la póliza del seguro y el mantenimiento mecánico necesario, él grupo al cual pertenece se llama “ MUJERES EMPRENDEDORAS DE ANGAMOS” son 7 socias vecinas del mismo lugar.
•La Sra. Giovanna es la 5ta de la derecha esta vestida con polo negro (en la foto también aparecen 2 señoras invitadas)
Previous Loan DetailsCon mucho esfuerzo y sacrificio la Sra. Giovana junto a su esposo lograron comprarse su propio carro, durante muchos años su esposo se dedica al transporte público y manejaba carros de otras personas lo cual no le dejaba muchos ingresos además de ser muy sacrificado, ahora es diferente porque… More from Mujeres Emprendedoras De Angamos Group's previous loan »
About EDAPROSPOEDAPROSPO 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Nov 7, 2011
- Dec 12, 2011
- Currency Exchange Loss:
- May 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.