Las Manitos De Jesús Group
Update on Las Manitos De Jesús GroupSra. Ana is married and has four children, but only one is dependent on her. She sells beauty products and started this business after being encouraged by her neighbors and friends. Ana also sells food and sequined fabrics. Through her effort and work, Ana is able to get ahead. She has the help of her husband in covering the household expenses. Her wish for the future is to build a house and to see her child pursue a university degree.
Ana will use her loan to buy beauty products. Ana is a member of the Communal Bank “Las Manitos de Jesús” (The Little Hands of Jesus), which consists of seven people and is led by a president, one of the individuals who is standing.
Sra. Ana is the woman who is standing with the other ladies on either side of her and is wearing a brown sweater.
Previous Loan DetailsIrma, 31, has a spouse and three children who are still dependent. She’s been in Edaprospo for four months. She makes bracelets, a craft she’s been in for two years. She started out working weaving for another person who sold these items but then decided to open her own business. With effor... More from Las Manitos De Jesús 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