Cheche Jesus 1, 2 & 3 Group
Update on Cheche Jesus 1, 2 & 3 GroupEden lives in an area of Haiti where electricity is rare and water is very limited. He has run his business selling various items for seven years. He would like to use this loan to invest in his business.
He is going to buy various items such as shoes, clothing, cosmetics, and other articles. His business has grown a little bit since his last loan, and this has contributed to his providing for his children, and has also motivated the other members of the Cheche Jesus group.
Il va acheter des objets divers tels que des chaussures, des vêtements, des produits cosmétiques et d'autres, son entreprise a grandi un peu depuis son dernier prêt, ce qui a contribué à soutenir leurs enfants de plus en motiver d'autres membres dans le groupe Cheche Jesus.
Previous Loan DetailsEden is the coordinator of his group Cheche Jesus. He is not married but has three children. Eden lives in the region of Haiti where electricity is rare and water is very limited. For the last six year, Eden has managed his business selling various goods. He would like to use this loan to inv... More from Cheche Jesus 1, 2 & 3 Group's previous loan »
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
- Dec 28, 2012
- Jan 27, 2013
- Currency Exchange Loss:
- Jun 17, 2013
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.