Las Torres De Vista Verde Group
Update on Las Torres De Vista Verde GroupEvangelino Juan is 40 years old and is part of the group "Las Torres de Vista Verde" [The Green View Towers], which is made up of six partners. They are united by the shared goal to succeed through mutual support to grow their businesses.
For about five years, Evangelino Juan has made a living by offering a washing machine rental service to families. He personally moves his washing machines to the houses of the clients that request them, they use them, and later he returns to pick the machines up.
He will invest the requested loan in the maintenance of his washing machine as well as for improvements to his tricycle, such as a tire change, because it is the way in which he transports the washing machines.
Desde aproximadamente cinco años, Evangelino Juan se dedica a brindar servicio de alquiler de lavadoras a familias, él personalmente traslada sus lavadoras a las casa de los clientes que lo solicitan, los clientes lo utilizan y luego él pasa a recogerlas.
El préstamo solicitado lo invertirá en hacer el mantenimiento de sus lavadoras, así como también aprovechará para hacer el cambio de llantas de su triciclo que es el medio en el que traslada sus lavadoras.
Previous Loan DetailsHeber Gloria is 42 years old. She is part of the newly formed group "Las Torres de Vista Verde", which is characterized by the strong desire of each of its members to progress in their businesses.
Heber Gloria has worked for three years buying and selling olives (olive fruit). She… More from Las Torres De Vista Verde 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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Apr 7, 2014
- May 27, 2014
- Currency Exchange Loss:
- Nov 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.