Check out some available loans that are similar to this one!
Esperanza Y Progreso De Huaycan Group
In this Group: Martha Angelica, Marina Celerina, Genoveva, Linda Yheni, Victoria, Celsa Herlinda, Angelica Susi

Update on Esperanza Y Progreso De Huaycan Group

Linda is a member of the Communal Bank "Esperanza y Progreso De Huaycán" [Hope and Progress of Huaycán], which consists of 7 members. Linda serves as an accounting assistant in a hardware store, work that has generated income for her home. The loan she requested will be used to purchase her land, because in the future she plans to build on it and rent it. Linda is 23 years old and is single.

The group "Esperanza y Progreso De Huaycán" thanks the Kiva investors for the loan provided. Linda is the second from the right, wearing the pink shirt.
View original language description ↓
Linda es socia de la Alcancía Comunal “Esperanza y Progreso De Huaycán” la cual lo conforman 07 socios. Linda brinda servicios como asistente contable en una tienda de ferretería, trabajo que le ha generado ingresos para su hogar. El crédito que solicitó lo destinará para la compra de su terreno, pues a futuro piensa construir y alquilarlo. Linda de 23 años es soltera. El grupo “Esperanza y Progreso De Huaycán” agradecen a los inversionistas Kiva por el crédito brindado. Linda es la segunda del lado derecho y viste polo rosado.

Previous Loan Details

The group "Esperanza y Progreso de Huaycan" are 9 responsible and hard-working associates who are applying for an eighth loan. Angelica is 40 years old and married. She is an entrepreneurial mother with 5 children, 2 of which are still dependents. She makes a living selling replacement parts for ... More from Esperanza Y Progreso De Huaycan Group's previous loan »

Additional Information

About EDAPROSPO

EDAPROSPO 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.

About Peru

  • $6,715
    Average annual income
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Y Progreso De Huaycan Group's $4,500 loan helped a member to purchase her land in order to build on it and rent it.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Mar 28, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014