Luchando Por Un Sueño Group
Update on Luchando Por Un Sueño GroupThe “LUCHANDO POR UN SUEÑO” group is made up of hard-working members who are anxious to improve their families' economic situation. Raída is 50 years old and married with a 10-year-old son, who is at school. She works selling alfalfa and cereal crops. In this way she is able to support her husband with the family expenses.
She will invest the loan in the purchase of more alfalfa and cereal crops. The group thanks KIVA investors for the offered loan. Raída is the third from the right, dressed in a blue top.
Previous Loan DetailsAngélica, 63, is married and belongs to the "LUCHANDO POR UN SUEÑO" communal bank group which has helped her to improve her income. For 40 years she has been selling materials for shoe repair. The loan she is requesting will be used to buy soles, dye, heels, buckles and glues. The group is... More from Luchando Por Un Sueño 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
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Success!! The loan was 100% repaid