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Mujeres Al Poder Group
In this Group: Mercedes Guadalupe, Sheyla Maria, Natividad Regina*, Joana Katuuska, Julia, Maria Vilma, Verioska
* not pictured

Update on Mujeres Al Poder Group

This is the “Mujeres Al Poder” ["Women to Power"] communal bank. It is made up of 7 enterprising women who are ready to get to work. María, age 33, is single. She sells shoes. Thanks to her constant dedication to her business, it is going well for her every day.
She used her last loan for the purchase of high-heel shoes, ankle boots, and dress shoes. María wants to continue to expand her business. The “Mujeres Al Poder” group is grateful to those who will make this loan possible. María is photographed standing in the back. She is second on the left, wearing the yellow shirt.
View original language description ↓
Esta es la Alcancía “Mujeres Al Poder” y está conformada por 07 mujeres emprendedoras dispuestas a comenzar a trabajar. María de 33 años es soltera. Ella se dedica a la venta de calzados. Gracias a su constante dedicación su negocio le va bien cada día. Su último crédito lo destinará para la compra de zapatillas, botines y zapatos de vestir. El deseo de María es seguir creciendo en su negocio. El grupo “Mujeres Al Poder” agradece a las personas que hicieron posible éste crédito. María se encuentra de pie en la parte posterior, es la segunda del lado izquierdo y viste polo amarillo.

Previous Loan Details

This is the new group, “Mujeres Al Poder”, that is made up of 8 enterprising women who are ready to start working. Natividad, 43 years old, is separated with two independent children. Currently she provides phone booth service, and with a lot of effort and dedication, Natividad has been abl... More from Mujeres Al Poder 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.

Tags

About Peru

  • $6,715
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Al Poder Group's $2,875 loan helped a member to purchase high-heel shoes, ankle boots, and dress shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
May 17, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014