Union Por El Progreso Group
Update on Union Por El Progreso GroupDominga is 60 years old, separated, and has an adult daughter. She is a member of the “Unión Por El Progreso“group, made up of 8 responsible members. Dominga sells groceries and thanks to her constant dedication, her daughter was able to attend school and she herself was able to get ahead with her business. She is asking for this loan to buy rice, sugar, cooking oil, and milk. The “Unión Por El Progreso” group is grateful to the Kiva lenders for making this loan possible. Dominga is the first on the right, wearing a black vest.
Previous Loan DetailsThis is the “Unión Por El Progreso” (Union For Progress) group. It is made up of eight responsible and enterprising members. Jesusa makes a living by selling moisturisers, which she is continuing due to her in-laws’ example, as they were the ones who taught her. The business has enabled her to im... More from Union Por El Progreso 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