Juventud Y Desarrollo - Chupaca Group
Update on Juventud Y Desarrollo - Chupaca GroupSince the last loan she received, Teodora’s quality of life has improved greatly. Besides selling fruits and vegetables, now Teodora also makes tamales to sell in the main plazas and markets in her area.
She will invest the loan she got in the purchase of her main ingredients (oil, onion, spices, meat, etc.), because she has a lot of orders for her tamales.
Thanks to her earnings she has been able to pay off some debts that she had and little by little is taking care of those accounts.
She is happy because she can count on support from the income of her two businesses.
Teodora is wearing a wool sweater and is third from the right.
ELLA APARTE DE VENDER VERDURAS Y FRUTAS; AHORA TAMBIÉN PREPARA TAMALES PARA VENDERLOS EN LAS FERIAS Y PLAZAS PRINCIPALES DE SU LOCALIDAD.
EL PRESTAMO OBTENIDO LO INVIERTE EN LA COMPRA DE SUS INSUMOS PRINCIPALES ( ACEITE, CEBOLLA, CONDIMENTOS, CARNE, ETC), YA QUE TIENE MUCHOS PEDIDOS DE SUS TAMALES.
GRACIAS A SUS GANANCIAS A PODIDO PAGAR ALGUNAS DEUDAS QUE TENÍA Y POCO A POCO ESTA SALIENDO DE ESTAS CUENTAS.
SE ENCUENTRA CONTENTA YA QUE CUENTA CON UN RESPALDO, LOS INGRESOS DE SUS DOS NEGOCIOS.
TEODORA VISTE CON UNA CHOMPA PLOMA DE LANA Y ES LA TERCERA DE LA DERECHA
Previous Loan DetailsGreetings from Peru! Teodora belongs to the group Juventud y Desarrollo-Chupaca (Youth and Development-Chupaca). This group has already been working with EDAPROSPO for more than a year. It is made up of nine people, among them one man and the rest are women. It is a very charismatic and suppo... More from Juventud Y Desarrollo - Chupaca 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