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Mujeres Decididas E Independientes Group
In this Group: Lizette Katherine, Victoria Milagros, Pablo Cesar*, Gladys Victoria, Mabi Doris, Susana Milagros, Yris Magaly, Nelvin Hernan
* not pictured

Update on Mujeres Decididas E Independientes Group

The Communal Bank "Mujeres Decididas e Independientes" (Determined and Independent Women) consists of seven hardworking members who engage in different businesses.

Susana, age 24, is one of the members. She has worked with this group for several years and currently serves as the group president. For the past 10 years, she has been selling glazed pottery. Susana started out by helping at her father's store. Today she is independent and has managed her own pottery shop for the past four years. The loan she is requesting will be invested in the purchase of glazed pottery in different styles so that she can satisfy her customers. Moving forward, she would like to grow and open additional branches of her business.

On behalf of her group, Susana would like to thank the Kiva lenders for this loan. In the photo, she is standing on the far right, wearing a red sports jacket and gray trousers.
View original language description ↓
La Alcancía Comunal “MUJERES DECIDIDAS E INDEPENDIENTES” está conformada por 07 socios trabajadores en diferentes comercios. Susana de 24 años es una de sus integrantes, lleva trabajando con el grupo varios años, en la actualidad es la presidenta del grupo. Hace 10 años se dedica a la venta de mayólicas empezó ayudando en la tienda de su padre, hoy en día es independiente y hace 04 años tiene su propia tienda de mayólicas. El préstamo que ha solicitado lo invertirá en la compra de mayólicas de diferentes modelos para satisfacer a su clientela, mas adelante le gustaría crecer y abrir más sucursales de su negocio. Susana en representación del grupo agradece a los inversionistas de KIVA por este préstamo, en la foto es la última del lado derecho, viste casaca deportiva color rojo y pantalón plomo.

Previous Loan Details

Lizette is a member of the communal bank Mujeres Decididas e Independientes [Determined and Independent Women]. She is 23 years old, unmarried, and living with her parents. Lizette worked at a friend's laundry service for some time, where she learned all about this kind of business and saw that i... More from Mujeres Decididas E Independientes 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.

Tags

About Peru

  • $6,715
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Decididas E Independientes Group's $5,775 loan helped a member to buy glazed pottery to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014