Hijos De Grau Group
Update on Hijos De Grau Group"Hijos de Grau" is a group made up of 6 members. Maria, 43 years old, is one of the members, and is married with three small children. She is new to the group after being invited to join by a friend. Her business is in the sale of beauty products and she started this business with the encouragement of her sister who works in the same field. She is grateful because her business is going well and she has many customers, of whom her main customers are neighbours, friends and family. With the loan she has requested, she wants to use the money to start selling used clothing. She hopes to be successful and so extend her business. Her dream for the future is to open a juice & smoothie bar. Maria would like to thank the investors in this Kiva loan which is very important for her and her group. In the photos she is the third person standing, wearing a black polo-shirt and short jeans. The attached photo belongs to Angel, the only male partner in the group.
“HIJOS DE GRAU” es una alcancía conformada por 06 socias. Maria de 43 años es una de las integrantes, ella es casada y tiene 03 hijos pequeños. Ella es nueva dentro del grupo, al que ingreso invitada por una amiga. El negocio al que se dedica es la venta de productos de belleza empezó este negocio animada por su hermana quien se dedica a lo mismo, esta agradecida porque le va bien en su negocio y cuenta con muchos clientes sus principales compradores son sus vecinos, amigos y familiares. Con el préstamo solicitado quiere incursionar en la venta de ropa para eso utilizara el integro del dinero, espera tener éxito y así poder extender su negocio, el sueño que tiene para el futuro es abrir una jugueria. María quiere agradecer a los inversionistas KIVA por este préstamo que es muy importante para ella y su grupo, en la foto es la tercera esta de pie y viste polo negro y short jean, la foto adjunta pertenece a Angel el único socio varón.
Previous Loan DetailsThe “Hijos de Grau” group is made up of six female members who work in different businesses. Fara Del Pilar, 44, is the group's Treasurer, she is married and has three children. For several years now, she has been making her living selling drinks. Her business is located in her home where she att... More from Hijos De Grau 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