Señor Nazareno Group
Update on Señor Nazareno GroupThe “SEÑOR NAZARENO” group is made up of 7 members who work as retailers. Zusana is 53 years old. She is in a common law marriage and has sold sodas, water, sandwiches and fruit as a street vendor on the toll road where she lives for many years. She will invest the loan in buying more soda, water, sandwiches and fruit. The group thanks the KIVA lenders for the loan. Zusana is the first seated person from the left. She is wearing a light blue polo shirt.
Previous Loan DetailsThe group “Señor Nazareno” consists of seven members who are very pleased to have reached their 10th loan cycle.
Victoria is 58 years old and has been managing a store for 30 years in her home where she offers vegetables, groceries, fruits, and beverages. She previously worked as a domes... More from Señor Nazareno 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