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Luz Radiante - Chupaca Group
In this Group: Adriana Alberta, Efrain, Julio Moises, Lisette Maggaly, Vilma Sonia, Eulalia Sonia, Luz Mery, Zaira Mohena, Mariela Beatriz, Angela Vanessa, Joel Jesus, Karina Paola, Pilar, Bertha Julia *
* not pictured

Update on Luz Radiante - Chupaca Group

Vilma, 47 years old, belongs to the Luz Radiante - Chupaca communal bank. All of the members from the last cycle demonstrated punctuality with regard to their loan repayment schedules.

Vilma is doing very well selling groceries wholesale and retail. She is satisfied with the results of her sales for the last six months.

She is asking for the loan to purchase merchandise and stock her store in order to obtain more income. Vilma made it so that her children will succeed by finishing their professional studies. She is thankful for the loan.
View original language description ↓
L. Sra. Vilma de 47 años de edad, pertenece Alcancía Comunal Luz Radiante - Chupaca, todos los integrantes del anterior ciclo demostraron ser puntuales con las cuotas de sus pagos.

Vilma le va muy bien en la ventas de abarrotes al por mayor y menor, queda satisfecha por lo resultados de la ventas semestrales.
El prestamo solicito para la compra de mercadería y surtir su tienda para obtener más ingresos. Vilma hizo que sus hijos lograran por culminar sus estudios profesionales. quedando agradecida por el prestamo.

Previous Loan Details

Vilma, age 47, is single and has two minor, school age children. She is one of the 13 members that comprise the “Luz Radiante” (Radiante Light) Communal Bank. During the last cycle all of the members showed themselves to be punctual with their payments. Velma sells wholesale and retail groceri... More from Luz Radiante - Chupaca 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
  • 105
    View loans »
    Peru Loans Fundraising
  • $56,738,200
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Radiante - Chupaca Group's $3,175 loan helped a member to buy merchandise to stock her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2012
Listed
Feb 12, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Luz Radiante - Chupaca Group. It was first posted on Kiva on Sep, 2011. Learn More