La Buena Amistad Group
Update on La Buena Amistad GroupNora is a member of the group La Buena Amistad [Good Friendship].
Nora is sixty years old and lives with her husband and four children, who are all legally of age. Nora has her own business; the decision to work was made in order to help her children when they were small. Presently, she cannot leave her work because she loves her job. She has a stall in a local market where she sells juices and sweets. She is well-known among the market's customers.
Nora will use the money from this loan to buy fresh fruit. She has had this business for ten years. During this time, she has improved her business a lot.
Nora is thankful for the loans from EDAPROSPO; thanks to these loans, she has improved the quality of life for not only herself, but also for her children.
Nora is very enthusiastic to know that people from all over the world are going to support her business. To all of the Kiva lenders, she would like to say "Thank you very much!"
In the photo, she is standing and wearing a pink colored jacket.
La Sra. Nora tiene 60 años, vive con su esposo y sus 04 hijos que son mayores de edad. Nora tiene su propio negocio, la decisión de trabajar fue por ayudar a sus hijos cuando estos eran pequeños, en la actualidad no puede dejar de hacerlo porque le encanta su trabajo, tiene un puesto en un mercado de su zona donde vende jugos y dulces, allí es muy conocida por los clientes del mercado. Nora utilizara el dinero de su préstamo para comprar frutas frescas, son 10 años que tiene su negocio y durante todo este tiempo ha mejorado mucho. Nora esta agradecida por sus préstamos a EDAPROSPO ya que gracias a ellos ha mejorado su calidad de vida y la de sus hijos.
La Sra. Nora está muy entusiasmada por saber que personas de todo el mundo la van apoyar en su negocio. A Todos los inversionistas, a ella le gustaría decir ¡Muchas gracias!
En la foto aparece de pie y vestida con una casaca color rosada.
Previous Loan DetailsItalo is one of the members of the group, La Buena Amistad Italo is single and is 45 years old. Nowadays, he is the president of the group and the only male. They have participated together many years. Italo sells bread, a trade which he carries out every day in the mornings, distributing… More from La Buena Amistad 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