El Buen Samaritano Group
Update on El Buen Samaritano GroupThe group "El Buen Samaritano" (The Good Samaritan) consists of eight responsible and hardworking members.
Reyna is 34 years old, married, and has one child. She has been making knitted items such as sweaters, scarves, mittens, blankets, and other accessories for more than a year. With her previous loan, Reyna was able to buy her fourth sewing machine. She is very happy each time her business improves.
Her latest loan request will be used to buy her fifth sewing machine. Reyna's wish is to become independent, but at the moment she is working with her sister.
The group "El Buen Samaritano" would like to thank those who made this loan possible. Reyna is standing on the right side, wearing a lilac-colored shirt and a turquoise sweater. The smaller photo in the left-hand corner is that of Irma, who was not able to arrive on time because of her work.
Previous Loan DetailsReyna is a member of the "El Buen Samaritano" (The Good Samaritan) group, which is made up of 8 hardworking, caring women who work in various fields. Reyna is 34 years old, is married, and has 1 young son. Desiring to get ahead, Reyna started her own business, which currently involves sewing sw... More from El Buen Samaritano 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