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San Isidro - Huancan Group
In this Group: Kattyusca Rocio , Doris Hilda , Oscar Marcos , Joice Carolyn , Gloria Encarnacion , Angelica Violeta , Betzabeth , Katherine Patricia , Taryna Maricela

Update on San Isidro - Huancan Group

Kattyusca Rocio needed another loan to buy more wool and thread and more. This is her third loan, since it is going very well for her making artisanal stuffed animals with her husband's and children's support. They had better sales opportunities and thanks to that they improved their income. THey are grateful for the loan. She paid off the two prior loans.
View original language description ↓
kattyusca Rocio requirio otro prestamo para compra de mas lanas e hilos y otros esto es su tercer prestamo, ya que le va muy bien en la fabricacion de peluches artezanales con el apoyo de su esposo e hijos, tuvieron las mejores oportunidades en las ventas, gracias a ello mejoraron sus ingresos economicos, frente a ello esta agradecida por el prestamo, ella cumplio con las dos primeros prestamos.

Previous Loan Details

Kattyusca Rocío is a member of the “San Isidro” communal bank. She’s 30 years old and lives in Huari, Huancayo, Perú. She has two minor children: Mery, 6 and Yermy, 1. She has always made artisanal stuffed toys from wool and fabric. Her mother taught her how to make them and her husband, Ju... More from San Isidro - Huancan Group's previous loan »

Additional Information

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.

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

  • $6,715
    Average annual income
  • 100
    View loans »
    Peru Loans Fundraising
  • $56,733,750
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Isidro - Huancan Group's $2,725 loan helped a member to make stuffed toys.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for San Isidro - Huancan Group. It was first posted on Kiva on Jun, 2011. Learn More