Lideres De Santa Rosa Group
Update on Lideres De Santa Rosa GroupSaturnina is a member of the Líderes De Santa Rosa communal bank, made up of 15 active and enterprising members who search for self-improvement every day. This is the case of Saturnina. She is 54 years old, separated, and has four children, one of whom is still dependent on her. Saturnina has had an Internet café for more than 10 years. She began her business with three machines and was able to grow it with some effort. Now she has 12 machines. She is asking for a loan so she can continue growing her business and buy headphones and mice to maintain her computers. Buying new computers is her greatest desire. The Líderes De Santa Rosa group is very grateful and promise to continue working well. Saturnina is seated in the first on the right, wearing a black top and blue pants.
Previous Loan DetailsZoraida, 51, lives in Huaycan’s Zone B. She has a life partner and three children two of whom are still in her care. She has sold Herbalife products and assorted groceries for 20 years. She has collaborated with Edaprospo for 7 years and recently was able to buy a computer, improve her sto... More from Lideres De Santa Rosa 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