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Ahorrar Es Exito Group
In this Group: Jenny Miriam, Sarita Sheyla, Rosa Llanini, Lidia Miluska, Fortunita Simona, Luis Elias

Update on Ahorrar Es Exito Group

Jenny is a 53-year-old single mother. For the past 15 years she has made a living selling drinks and primary-need products, while at the same time selling clothes on order from customers. She is president of the "Ahorrar es Éxito" ("Saving is Success") group as elected by her fellow members. The group is in its third loan cycle. Jenny plans to use the loan to purchase soft drinks, sugar, rice and oil. The group thanks Kiva lenders for the loan. Jenny is second on the left in the photo.
View original language description ↓
Jenny tiene 53 años es soltera con un hijo dependiente hace 15 años se dedica al comercio de bebidas y productos de primera necesidad y a la vez se dedica a la venta de ropa a pedido de sus clientes. En el grupo “AHORRAR ES ÉXITO” cumple la función de presidenta quien fue elegida por los socios. Los socios del mencionado grupo se encuentran pasando el 03 ciclo. Jenny invertirá el préstamo en la compra de gaseosas, azúcar arroz y aceite. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Jenny es la segunda del lado izquierdo.

Previous Loan Details

Good morning. “Ahorrar Es Exito” is made up of 6 enthusiastic and hard working members who are in their 2nd loan cycle. Fortunita is 44 years old. She is married and has 4 children. She sells clothing for a living and takes orders from her customers since right now she doesn't have a stand from ... More from Ahorrar Es Exito Group's previous loan »

Additional Information

About EDAPROSPO

EDAPROSPO 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.

About Peru

  • $12,000
    Average annual income
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ahorrar Es Exito Group's $1,625 loan helped a member to purchase soft drinks, rice, sugar and oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013