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Mujeres Empresarias Group
In this Group: Gladys, Lidia, Magna, Estela Miriam, Maura Susana, Claudia Zoraida, Elvira Pilar, Haydee Maribel, Carmen Rosa

Update on Mujeres Empresarias Group

Lidia is 54 years old. She is single with grown children. She makes her living selling beauty products through catalogs. Years ago, she made her living in domestic work.

She will invest the loan in the purchase of more beauty products that are on sale, in order to later sell them at a price that generates better earnings for her.

She is the president of the group "Mujeres Empresarias" [Business Women]. This group is grateful to the investors for the loan provided. Lidia is the second person seated from the right in beige pants.
View original language description ↓
Lidia tiene 54 años de edad es soltera con hijos independientes. Ella se dedica a la venta de productos de belleza a través de catálogos. Años atrás se dedicaba al servicio domestico. El crédito lo invertirá en la compra de más productos de belleza que estén en oferta para luego expenderlos a un precio que le generen mejores ganancias. Ella cumple la función de presidenta en el grupo “MUJERES ENPRESARIAS”. El grupo agradece a los inversionistas por el préstamo brindado. Lidia es la segunda persona sentada del lado derecho viste pantalón beige.

Previous Loan Details

"Mujeres Empresarias" is a group composed of members who are very responsible with their repayments and who are very happy to enter their seventh loan cycle. Elvira is 24 years old, and lives with her partner and 2 children. Elvira has been selling beauty products and catalogue clothing for 3... More from Mujeres Empresarias 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

  • $12,000
    Average annual income
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,932,425
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Empresarias Group's $5,325 loan helped a member to buy more beauty products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
May 2, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014