Unidos Por Jehova Group
Update on Unidos Por Jehova GroupThe "Unidos Por Jehová" [United for Jehovah] group is made up of 5 responsible and supportive members. Máxima earns her living buying and selling quail eggs and works a second job providing cleaning services. At 58-years-old Máxima feels happy because she has succeeded in getting ahead and always supported her family. She used her last loan to buy quail eggs to sell to clients. Her greatest desire is to buy her own house; for now she rents. She is separated and has one independent child. The "Unidos Por Jehová" group appreciates the people who have made this loan possible. In the photo Máxima is the first person on the right, wearing a brown polo shirt and holding her grandson. The picture at the top is of Karla, who wasn't able to make it in time because she had to work.
Previous Loan DetailsGreetings from Peru! This is the “Unidos por Jehová” (United for Jehovah) communal bank; it has six, hardworking members who are going through the second cycle. Giuliana is part of its governing board, she’s group president. She’s 23-years-old and has a spouse and three minor children. ... More from Unidos Por Jehova 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