Madres Emprendedoras Group
Update on Madres Emprendedoras GroupJackeline is a member of the "madres emprendedoras" (enterprising mothers) group. She has 3 children aged 17, 13 and 5. She lives in her home with her partner (they are not married), her 3 children and her mother-in-law. She and her partner share the household expenses between them. Jackeline sells food - breakfast, lunch and dinner - and so she works 10 hours a day. She has been involved in this business for two years and, every day, serves a large number of people who go to her stall on account of her good flavours. She says that she is proud of what she does because her job has enabled her to support her family. Before she set up her business she was a housewife. However, when she realised that the money that her husband earned was not enough to cover all her family's needs, she felt obliged to use her talent for cooking to set up her own business. So far it has proved very satisfying for her as it has enabled her, among other things, to provide good food for her children and pay for their schooling. Jackeline is very excited about the loan because she will be able to use it buy more supplies for her business and make her dishes for which there is a high demand. Her dream is to continue making progress and to have a big, modern restaurant one day. She has been a member of the group for just under a year and says that everything has gone very well for her since she joined. She gets on very well with the other members and has never had any kind of problem with any of them. Aware that lenders, like Kiva, the world over are supporting her, she says that she is extremely grateful for the support and hopes that they will continue to have confidence in her and other people who need a loan to keep their businesses afloat.
La señora se dedica a la venta de comida, tanto de desayuno, almuerzo y cena ya que trabaja diez horas diarias. Lleva ya dos años en el negocio y atiende a un gran número de personas diariamente que va a su puesto de comida principalmente por su buena sazón. La señora refiere que se siente orgullosa de lo que hace, puesto que con su trabajo ha podido sacar adelante a su familia. Antes de iniciar su negocio era ama de casa. Sin embargo, al ver que el dinero proporcionado por su conyugue era insuficiente para cubrir todas las necesidades de su familia, se vio obligada a usar su talento en la cocina para iniciar su negocio que hasta ahora le ha dado grandes satisfacciones, siendo una de estas darles a sus hijos una buena alimentación y educación.
La señora se siente entusiasmada con el crédito que se le dio ya que con este, la señora Jackeline podrá comprar más insumos para preparar la comida para su negocio debido a la alta demanda de sus platos. El sueño de la señora es seguir progresando y algún día llegar a tener un restaurante moderno y grande.
La señora tiene apenas un año en el grupo y cuenta que todo ha caminado muy bien desde que entró a este. Se lleva muy bien con las otra socias y no ha tenido problema alguno con alguna de ellas. Al saber que inversionistas de todo el mundo como Kiva la apoyan ella comento que se siente muy agradecida por el apoyo y espera que sigan confiando en ella y en otras personas que necesitan de un crédito para seguir manteniendo sus negocios a flote.
Previous Loan DetailsThe "Madres Emprendedoras" communal bank is made up of 6 hard-working members. Graciela is 35 years old and is the treasurer for the group. Graciela is single and is the sole provide for her household, which includes her mother who is in poor health. She has a small store where she sells a… More from Madres Emprendedoras 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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Success!! The loan was 100% repaid