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Caritas Felices Group
In this Group: Olga Rosa, Venilda Anita, Maria Maribel, Flor Minelva, Yolinda Yudy, Maribel, Virginia, Walter Saturnino

Update on Caritas Felices Group

Members of the group "CARITAS FELICES" (Happy Faces) are very happy to be going on their 7th cycle.

Walter is 32 years old, a bachelor, and has worked at providing taxi services for the past two years. He is also an alderman in the area where he lives.

The loan will be invested in maintaining his car. The group thanks the KIVA investors for the loan provided. Walter is the second person standing on the right side.
View original language description ↓
Los socios del grupo”CARITAS FELICES” se encuentran muy contentos por encontrarse pasando el 07 ciclo. Walter tiene 32 años de edad es soltero dedicado a brindar servicios de taxi hace 02 años. Y a la vez es regidor de la zona en el cual radica. El crédito lo invertirá en el mantenimiento de su auto. El grupo agradece a los inversionistas KIVA por el préstamo brindado. Walter es la segunda persona parada del lado derecho.

Previous Loan Details

The group Caritas Felices is made of 9 women who work day after day to improve their family's quality of life. Yolinda is 29 years old and lives with her son, who goes to school, and another on the way. Yolinda sells clothing, shoes and slippers for children, a business she has ran for 2 years. Y... More from Caritas Felices 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
  • 53
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Caritas Felices Group's $5,075 loan helped a member to maintain his automobile.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Apr 10, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014