Las Triunfadoras De Ayabaca Group
Update on Las Triunfadoras De Ayabaca GroupJennifer Victoria is 20 years old. She is a member of of the group "Las Triunfadoras de Ayabaca" (The Winners of Ayabaca).
It is made up of six members.
For over a year Jennifer Victoria has been selling food. She sells lunch in the afternoons in a small space in her house.
She makes food every day as well as sandwiches and cold and hot drinks.
She plans on investing the loan and buying supplies in bulk and in this way get them at a better price.
She will also make some improvements to the sales space.
Desde hace mas de un año Jennifer Victoria se dedica a la venta de comida - lonche por las tardes, en un pequeño espacio en su domicilio ella ofrece la comida que prepara todos los días, así como también sanguches y bebidas frías y calientes.
El préstamo recibido desea invertirlo en la compra de algunos insumos que ella puede adquirir en mayor cantidad y así obtener un menor precio, y en algunas mejoras en el lugar de venta.
Previous Loan DetailsElsa Ines is 42 years old. She has 3 children who are her drive to carry out her work. She is part of the group "Las Triunfadoras de Ayabaca" (The Winners of Ayabaca). It is made up of six members who got together to create this group in order to together be able to reach their goals of growth in… More from Las Triunfadoras De Ayabaca 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
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.
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