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Virgen De La Puerta Group
In this Group: Gudelia, Juliana Corsina, Milagros, Eileen Ana, Maria Rita, Juan Carlos*, Dominga Isabel, Anne Ysabel
* not pictured

Update on Virgen De La Puerta Group

The members of the communal bank “Virgen de la Puerta” are happy because they’ve completed their 11th loan cycle. Juliana is 55 years old. She’s single with three grown children and one in school. She’s been selling household utensils and bedroom accessories for 36 years. In years past she did domestic labor. This was how she could be both mother and father to her son. She will invest this loan in the purchase of bedroom accessories like sheets for summer and pajamas for children and adults. Her greater goal is to buy a stand where she can sell her products. The group is very grateful for the Kiva lenders for the loan they’ve offered. Juliana is in the middle of the people who are standing and wearing purple sweater dress.
View original language description ↓
Los socios(as) del grupo “VIRGEN DE LA PUERTA” se encuentra muy contentos por encontrarse pasando el 11 ciclo. Juliana tiene 55 años es soltera con 03 hijos independientes y uno educando. Hace 36 años se dedica a la venta de utensilios domésticos y accesorios de dormitorio en forma ambulatoria. Años atrás se dedicaba a servicios domestico. Es de esta manera que ha podido ser madre y padre para su hijo. El préstamo lo invertirá en la compra de accesorios de dormitorios como sabanas de estación de verano, pijamas para niños y adultos. Su mayor deseo es comprar un stand en donde pueda ofrecer sus productos. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Juliana es la que se encuentra en medio de las personas paradas viste chompa morado.

Previous Loan Details

The "Virgen de la Puerta" has eight enterprising members who are now on their tenth cycle. Milagros is 43 years old: she is married and has two children. Three years ago she opened a small grocery store in her home, with the aim of supporting her husband with household costs. In addition to gr... More from Virgen De La Puerta Group's previous loan »

Additional Information

About EDAPROSPO

EDAPROSPO 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.

About Peru

  • $6,715
    Average annual income
  • 98
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De La Puerta Group's $2,475 loan helped a member to buy summer sheets and pajamas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Virgen De La Puerta Group. It was first posted on Kiva on Aug, 2013. Learn More