Mujeres Triunfadoras Group
Update on Mujeres Triunfadoras GroupThe group "Mujeres Triunfadoras" (Triumphant Women) consists of 7 responsible members who are in their sixth loan cycle. Josefina sells stuffed potatoes as a street vendor. This business arose from the idea of improving her economic situation, since in this way she has been able to support her children in their education. Her greatest wish is to set up a grocery store. This latest loan will be used for working capital, and it will buy oil, potatoes, lemons, and plates. Josefina is separated and has 7 children, 2 of school age.
The group "Mujeres Triunfadoras" is grateful for the loan offered to them and they promise to continue working hard. Josefina is standing; she is the second one on the right side, and she is wearing a black shirt and a lead-gray vest.
Previous Loan DetailsVictoria’s a member of the “Mujeres Triunfadoras” (Victorious Women) group consisting of nine active, responsible people who are currently going through their 5th cycle. Victoria, 55, is separated with three children. Victoria has worked for the last 20 years selling snacks from place to pl... More from Mujeres Triunfadoras 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