Mujeres Activas Group
Update on Mujeres Activas GroupThis group consists of responsible individuals who engage in different commercial activities. All of them reside in the District of Vitarte and are members of the Communal Bank “Mujeres Activas” (Active Women).
One of the members is Sra. Jacinta. She is 53 years old, single, and has four children. Sra. Jacinta has been selling vegetables (potatoes, corn, onions, as well as groceries) for 26 years. By working at her small store every day, Jacinta is able to move forward by paying for her children’s schooling and the household expenses. Her greatest wish is to see her children become professionals. For this reason, Sra. Jacinta works very hard. The loan she is receiving will be invested in the purchase of more vegetables so that she can have more income.
Sra. Jacinta is the first person on the left-hand side (from the group’s perspective) who is wearing a purple blouse. She bids farewell with a hug to Kiva and says that she plans to accomplish all of her goals.
Previous Loan DetailsHello! The group in the photo is from “MUJERES ACTIVAS,” an association that has already been in existence for more than 10 years and currently has 6 very enterprising and dynamic members (Mrs. Sofía is not able to attend the day of the loan disbursement due to health reasons). One of the wo... More from Mujeres Activas 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
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Success!! The loan was 100% repaid