Los Lirios Group
Update on Los Lirios GroupThe “Los Lirios” communal bank is made up of six enterprising members who have improved their lot in life over time. This is the case of Isabel, 48, who is married and has one dependent child. For the last five years she has been making her living selling natural products. It is going well for her as this business has allowed her to improve her financial situation.
She has sought the loan to buy extract of frog, carob and royal jelly. To continue in the business is her greatest dream. The “Los Lirios” group is grateful to the people that made this loan possible as it enables their progress. Isabel is the third person on the right-hand side, she is wearing a brown T-shirt.
Previous Loan DetailsThe communal bank "Los Lirios" is made up of 6 entrepreneurial partners who have improved their businesses over time. This is has been the case for Yury who is 28 years old and has 3 dependent children. Yury is in the back row of the picture, first on the right, wearing a blue shirt and a vest. S... More from Los Lirios 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