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Las Flores De Buenos Aires Group
In this Group: Victoria, Ricardina Rosario, Grover Alberto, Gladys, Luzmila, Hidelberto Ruben, Jeny Angelica

Update on Las Flores De Buenos Aires Group

The members of the group Las Flores De Buenos Aires feel very pleased to find themselves on their 6th loan. Luzmila is 44 years old, single, and has a son that is 25 years old. She buys ice cream at wholesale to then sell at retail. She has had her mother as her motivation. Years ago she sold clothing as a street vendor. She will use this loan to buy more ice cream.

The group thanks Kiva lenders for the loans provided. Luzmila is second from the right.
View original language description ↓
Los socios del grupo “LAS FLORES DE BUENOS AIRES” se siente muy satisfechos por encontrarse pasando 06 ciclo. Luzmila tiene 44 años de edad es soltera con un hijo de 25 años de edad. Ella compra helados al por mayor para luego expenderlos al por menor. Ya que tuvo como motivación a su madre. Años atrás vendía ropa en forma ambulatoria. El crédito lo invertirá en la compra de más helados. El grupo agradece a los inversionistas KIVA por el crédito brindado. Luzmila es la segunda del lado derecho.

Previous Loan Details

Warm greetings. Victoria is a member of the group the "Flowers of Buenos Aires" [Las Flores de Buenos Aires], which is made up of 8 hard-working members who, through their work, have fought to move their families ahead. This is the case with Victoria, who is 54 years old and has 7 older children.... More from Las Flores De Buenos Aires 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
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Flores De Buenos Aires Group's $3,525 loan helped a member to buy more ice cream.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 15, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014