Mujeres Triunfadoras De Micaela Bastidas Group
Update on Mujeres Triunfadoras De Micaela Bastidas GroupReyna is 49 years old, single, and has one son. She has worked for 23 years in the sewing industry. Reyna makes articles of clothing in a small rented space, where her goal is to make progress from one day to the next and to get ahead. She says she has learned how to attract customers and improve her quality of life.
Reyna is requesting this loan to buy fabric to make clothing. She and all of the members of the group are grateful to Kiva for the loan and for the confidence that has been given them. Reyna is in the middle of the photograph and is wearing a light-blue shirt. She says that she promises to meet all of her proposed goals.
Previous Loan DetailsA group made up of eight enterprising woman with a lot of creativity of business, this is how the members of the “Mujeres triunfadoras de Micaela Bastida” communal bank are. Lili, is 44 years old and has three children. She has been running a small clothing business for five years now. Lili h... More from Mujeres Triunfadoras De Micaela Bastidas 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