Las Malvinas Group
Update on Las Malvinas GroupAvelinda, who is 43 years old, is separated and has four independent children. The communal bank "Las Malvinas" is made up of 9 enthusiastic and enterprising members. Avelinda makes a living selling fruit. Due to her perseverance her business is going well and her quality of life has improved. She requested this loan in order to buy fruit such as bananas, oranges and mandarins. The group "Las Malvinas" is grateful to all the people who made this loan possible. In the photo, Avelinda is the fourth at the back, wearing a sky blue top and who is carrying a cream coloured bag.
Previous Loan Details“Las Malvinas” communal bank is composed of 10 responsible and hard-working members who have seen improvements over the course of time. Maximina is an outstanding woman who has, with effort, been able to offer her family a better quality of life. At present, she operates a general store from ... More from Las Malvinas 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
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Success!! The loan was 100% repaid