Ahorrar Es Exito Group
Update on Ahorrar Es Exito GroupJacqueline is 28 years old, in a relationship, and has two dependent children. She has sold ceviche on foot for eight years. This allows her to help her husband with their children's education and food expenses. She will invest in tables and a bench for her business. She is the secretary of the Ahorrar Es Éxito Group. The group thanks Kiva's investors for the loan they have offered. Jacqueline is the first on the left.
Previous Loan DetailsJenny is a 53-year-old single mother. For the past 15 years she has made a living selling drinks and primary-need products, while at the same time selling clothes on order from customers. She is president of the "Ahorrar es Éxito" ("Saving is Success") group as elected by her fellow members. The ... More from Ahorrar Es Exito 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