Peruanos A Trabajar Group
Update on Peruanos A Trabajar GroupGreetings from Peru, from a group made up of eight responsible women from different commercial backgrounds. They are members of the "Peruanos a Trabajar" communal bank. One of the members is Yolanda who is 33 years old, married and has two children. For the last seven years, Yolanda has been making her living selling beauty products every day in a small business. She has succeeded in getting ahead in life and therein being able to pay for her children's secondary schooling. With the fruit of her efforts, Yolanda has managed to improve her home and support her children's education.
In improving her business, her greatest dream is that her children become professionals and that is why Yolanda works so much. With the loan, she will invest in the purchase of more cosmetic goods and therein obtain more sales. Yolanda bids us farewell sending Kiva a hug and is thankful for the loan that she has been given as it enables her to progress.
Hola de Perú, Un grupo conformado por 8 mujeres responsables a distintas actividades comerciales. Así son las integrantes del grupo comunal. “PERUANOS A TRABAJAR” una de ellas es la Sra. Yolanda de 33 años casada y con 2 hijos, la Sra. Yolanda se dedica ya hace 7 años a la venta de productos de belleza en un pequeño local todos los días con el merito de salir adelante y así poder pagar el colegio de sus hijos, Con el fruto de su esfuerzo la Sra. Yolanda ha logrado mejorar su vivienda y apoyar en la educación de sus hijos. Seguir mejorando su negocio, su mayor deseo es que sus hijos sean profesionales es por eso que la Sra. Yolanda trabaja mucho , Con el préstamo otorgado lo invertirá en comprar más cosméticos de belleza y así poder tener más ingresos. A la vez se despide con un abraso a Kiva y agradece el crédito brindado ya que hace posible su progreso.
Previous Loan DetailsGreetings to all of you from Peru. This 5-member group is called Peruanos a Trabajar. They are part of the daily struggle to improve, to make progress, and to develop their businesses. In charge of the group is 53-year old Sra. Smith who is married and has three children. She sells beauty pro... More from Peruanos A Trabajar 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