La Vecindad Del Cinco Group
Update on La Vecindad Del Cinco GroupThis group is comprised of five enterprising and very creative businesswomen. They are the members of the group "La Vecindad Del Cinco" (The Neighborhood of Five).
Mrs. Eva is 61 years old. She lives with her partner, and is the mother of five children. Eva has had a small grocery store for three years now. Eva has earned the loyalty of her customers, and this income has allowed her to cover her home expenses. In the future, she would like to have her own location where she can sell her products, and earn greater income.
With this loan request, she will invest in more products (milk, rice, sugar, sodas, snacks, etc.) for her grocery shop so that she can continue to meet the needs of her customers, and thus continue to get ahead.
Mrs. Eva and all the members are grateful to Kiva for this loan and for the trust that it shows in them. Eva is the borrower on the far right of the photo. She says goodbye, promising that she will achieve all her proposed goals.
La Sra. Eva de 61 años de edad conviviente y madre de 5 hijos. la Sra. Eva tiene una pequeña bodega ya hace unos 3 años. Ella ha llegado a fidelizar a sus clientes lo cual le ha generado ganancias para poder cubrir los gastos de su hogar, en el futuro le gustaría tener un local propio donde poder vender sus productos y obtener mayores ganancias económicas.
El préstamo otorgado lo invertirá en comprar más productos para su bodega (leche, arroz, azucar, gaseosas, piqueos, etc) y así seguir satisfaciendo las necesidades de sus clientes para poder salir adelante.
A la vez la Sra. Eva y todos los integrantes se encuentran agradecidos con Kiva por el préstamo otorgado y por la confianza que se les ha sido brindada. La Sra. Eva es la primera del lado derecho, Se despide Dejando la promesa que cumplirá todas sus metas propuestas.
Previous Loan DetailsHello from Peru! The group in the photo is the "Vecindad del Cinco " (Neighborhood of Five), which consists of five very happy, persevering members with a spirit of working as one. Señora Elsa in particular is very sociable. In the photo she can be seen dressed in blue, on the left. She is 39 yea... More from La Vecindad Del Cinco 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