Update on Shalom GroupAmbrosia is a member of the loan group Shalom.
Ambrosia has a restaurant in her house. It is a family business because everybody takes part doing different work such as preparing the food and serving the public. In her business, she sells fast food such as hamburgers, chicken, and drinks. Thanks to her work, she can pay for her children's studies. The children want to continue with the business in the future. The loan that she has requested will be used to buy more tables and chairs for her restaurant. In the future, she would like for her children to open other branches of her restaurant in other locations. She hopes to be able to keep working with EDAPROSPO to achieve her projects.
Ambrosia is grateful to the Kiva lenders for their help.
In the photo, she is the last one on the rich in an orange shirt.
La Sra. Ambrosia tiene un restaurante en su casa, es un negocio familiar porque todos participan realizando diferentes labores, como la preparación de la comida y la atención al público. En su negocio vende comida rápida como hamburguesas, pollo broaster y bebidas. Gracias a su trabajo solventa los estudios de sus hijos, quienes desean continuar con el negocio en el futuro, el préstamo que ha solicitado le servirá para la compra de mesas y sillas para su restaurante, en un futuro le gustaría que sus hijos puedan abrir otras sucursales de su restaurante en otros lugares, espera poder seguir con EDAPROSPO para lograr los proyectos que tiene.
La Sra. Ambrosia agradece a los inversionistas de KIVA por el apoyo.
En la foto es la ultima de la izquierda viste polo color naranja
Previous Loan DetailsThis is the "Shalom" group. Señora Amable is 53 years old. She is married and has a son who is 24. She works selling beauty products. She began this work because she was inspired by a friend. She has been selling for two years, and she feels happy because her income allows her to pay some… More from Shalom 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