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Cristo Rey De Nicolas De Pierola Group
In this Group: Araceli Ysabel, Jasmin Yrene, Mery Cristina, Maria Elisa, Victoria, Maria, Celia Beatriz, Luisa Guadalupe, Celia Felicita, Elizabeth Amparo, Victoria Cristina

Update on Cristo Rey De Nicolas De Pierola Group

The members of the group "Cristo Rey Nicolas de Pierola" are very satisfied to have passed through 20 loan cycles.

Luisa is 60 years old, she is married and has a son studying at the university. She has made a living sewing all types of garments since she was very young. She will use the loan to maintain her sewing machine and buy needles, thread, cloth, and clasps for her work.

The group thanks Kiva investors for the loans offered. Luisa is the first person standing on the left.
View original language description ↓
Las socias del grupo “CRISTO REY NICOLAS DE PIEROLA” se encuentran muy satisfechas por encontrarse pasando el 20 ciclo. Luisa tiene 60 años es casada con un hijo educando en la universidad. Ella se dedica a la costura compostura de todo tipo de prenda desde muy joven. El crédito lo invertirá en el mantenimiento de su máquina de coser y en la compra de agujas hilos telas cierres para su trabajo. El grupo agradece a los inversionistas KIVA por el crédito brindado. Luisa es la primera persona parada del lado izquierdo.

Previous Loan Details

The “Cristo Rey De Nicolas De Pierola” group is made up of hard working members who are very responsible with their payments. Luisa is 59 years old and married, with a son who attends the university, and a little grandson whom she supports financially. Luisa has worked in sewing since she was... More from Cristo Rey De Nicolas De Pierola 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

  • $6,715
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey De Nicolas De Pierola Group's $6,200 loan helped a member to maintain her sewing machine and buy thread, needles, cloth, and clasps.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 14, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014