Las Amigas De Mi Niño Jesus Group
Update on Las Amigas De Mi Niño Jesus GroupYesenia, 39, is married with three children. She has had a small business selling beauty products for a year. She’s acquired loyal customers that generate profits to cover her household expenses. In future, she’d like to have a locale of her own in which to sell her products and earn higher profits. She will use the granted loan to buy more beauty products to continue meeting customer needs and to get ahead this way. Yesenia’s wearing a sky blue sweater and says farewell with a promise that she’ll reach all her set goals.
Just like Yesenia, the other group members are grateful to Kiva for the granted loan and for the trust placed in them.
Previous Loan DetailsThis group is comprised of 7 responsible women who sell merchandise. Together, they make up the group called "Las Amigas De Mi Nino Jesus." One of the group members is Mercedes. She is 33 years old, she is single, and she doesn't have any children. For the past 7 years, Mercedes has sold both ... More from Las Amigas De Mi Niño Jesus 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
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Success!! The loan was 100% repaid