Arco Iris Group
Update on Arco Iris GroupThe “Arco Iris” group is made up of farmers and wholesale traders. Roberta is 53, and is a widow with 3 independent children. She raises cows and horses, something she learned at an early age from her parents. She also sells cheese and milk that she gets from her cows. She will invest her loan in buying feed for her cows and horses. The whole group is grateful for the loan. Roberta is the person who is seated on the left of the photo, wearing a red polo shirt.
Previous Loan DetailsNarcisa is fifty-three and is a widow. She has a business selling tamales and ground corn as a street vendor. She also raises poultry like chickens and ducks. In this way, she has been able to educate her children when they were still dependent on her. Years ago, she was a housewife. She wil... More from Arco Iris 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
111View loans »
Success!! The loan was 100% repaid