Mujeres Decididas E Independientes Group
Update on Mujeres Decididas E Independientes GroupThe 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.
Previous Loan DetailsLizette 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 it… More from Mujeres Decididas E Independientes 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