Prosperidad (Cuenca) Group
Update on Prosperidad (Cuenca) GroupThe “Credito Prosperidad” loan group is made up of nine ladies and one gentleman, each of them actively works with the group and presents his or her enthusiasm, charisma, and unity. They have been together for several years and this group has established itself as a group that is more than a family. Its main objective is to improve financial stability and for their families so that they can have the opportunities to succeed. They live in the city of Cuenca, which enjoys a natural and architectural beauty. It has been a World Heritage Site since 1999 and is the crib for great athletes and writers.
Ana is one of the members and has served as president of the “Credito Prosperidad” group for several years.
Ana is 62 years old, married, and has four adult children, who are all married and live on their own. Her husband helps her in the home because he is retired. They own their home.
Ana makes sportswear and lingerie. She began learning this when she got married, since her mother in law left her this business. She likes it very much because it allows her to stay home caring for her children, while being financially independent. She used the money from the previous loan to buy fabric and thread. She is asking for a new loan to buy spare parts for her sewing machines, fabric, and threads. Her goal is to continue growing her business.
Una de las socias de este grupo es la Señora. Ana, es la presidenta del grupo de crédito Prosperidad, es socia de este grupo desde hace algunos años.
La Señora. Ana tiene 62 años de edad, es casada y fruto de su unión conyugal ha concebido 4 hijos mayores de edad que son casados y viven independientes. Su esposo le ayuda en casa ya que es jubilado, la casa en la que viven es propia.
Doña Ana se dedica a la elaboración de ropa deportiva y lencería, esta actividad la aprendió desde que se caso ya que su suegra le dejo como herencia este trabajo, le gusta mucho ya que esta actividad le da la oportunidad de pasar en casa al cuidado de sus hijos y ser independiente económicamente.
El dinero de su crédito anterior lo invirtió en telas e hilos, está solicitando un nuevo crédito ya que necesita comprar repuestos para sus maquinas de coser, telas e hilos. Su meta es continuar creciendo en su negocio.
Previous Loan DetailsThe Prosperidad communal bank is made up of eight female members and one male member who live in the city of Cuenca, a city known for the beauty of its architecture. Cuenca is the birthplace of athletes and writers, and its people uphold their culture and traditions making their livelihood in… More from Prosperidad (Cuenca) Group's previous loan »
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