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Virgen De Guadalupe De Santa Clara Group
In this Group: Vilmar, Heraclio Simeon, Carla Luz, Yrene, Raquel Pilar, Hilda Ysabel, Iris Elena, Caceres Urquia, Velasquez Rocha, Hilario Espejo

Update on Virgen De Guadalupe De Santa Clara Group

This is a group of men and women who have a lot of enthusiasm, and they are dedicated to getting ahead each day. The members of the communal bank "Virgen de Guadalupe de Santa Clara" include 10 people who work arduously in their businesses so that they can improve the quality of life for their families. Such is the case with Vilmar, 58, who is married and is the mother of 3 grown children. Every day, Vilmar works selling clothing for men, women and children. It all started because her sister has the same business, and she taught Vilmar and helped her to establish her own business. She has been able to get ahead with her family with the income from her business, and has been able to help her husband in building their home. With the current loan, she will stock up on more merchandise for her clothing business. Like Vilmar, every member of this group has a particular story, but what they share in common is the enthusiasm and desire to get ahead so that they can improve their businesses and provide for the welfare of their families.
View original language description ↓
Un grupo de mujeres y hombres que con entusiasmo y mucha dedicación sale adelante cada día. Así son los integrantes de la alcancía comunal Virgen de Guadalupe de Santa Clara conformado por 10 socios, llevan la ardua tarea de trabajar en sus negocios para poder mejorar la calidad de vida de sus familias. Tal es así el caso de la señora Vilmar de 58 años de edad, casada y madre de 3 hijos de los cuales todos son mayores de edad. La señora Vilmar cada día se dedica a la venta de ropa para damas, caballeros y niños. Todo comenzo ya que su hermana tiene el mismo negocio, le ayudo y enseñó, a como poner su propio negocio. Con los ingresos de su negocio a podido llevar adelante a su familia y pudo ayudar a su esposo en la construccion de su vivienda. Con el presente préstamo implementara la mercadería para sus ventas de ropa. Como ella cada integrante tiene una historia en particular pero, si en algo coinciden es en el entusiasmo y las ganas de salir adelante para el bien y mejoría económica de sus negocios y familias.

Previous Loan Details

The community group "Virgen de Guadalupe de Santa Clara" is a successful community bank with a lot in common, including enthusiasm for developing their businesses. It was formed by seven members six months ago. Each members works at different businesses. Iris is 47 years old, has two childre... More from Virgen De Guadalupe De Santa Clara 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
  • 82
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD
Expired
A portion of Virgen De Guadalupe De Santa Clara Group's $2,925 loan helped a member to invest in her clothing business.
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
May 12, 2012
Currency Exchange Loss:
Covered
Expired:
Jun 11, 2012