Trabajando Para El Futuro Group
Update on Trabajando Para El Futuro GroupThis is the“Trabajando Para El Futuro” [Working for the Future] communal bank which is made up of seven enterprising and hard-working women who struggle every day to get ahead. Their sole purpose is to ensure the well-being of their families.
This is the case of Evelyn who is 24 years old and single and works as a secretary for a transportation company. She started more than three years ago and it has been going well for her. Her greatest desire is to lend support to her parents with their grocery store and this is why she has asked for a loan to buy rice, sugar, and oil.
The group "Trabajando Para El Futuro" thanks the people who made this loan possible. Evelyn is standing in the back and is the first one on the right with a sky-blue, long-sleeve shirt.
Previous Loan DetailsThe “Trabajando Para El Futuro” community bank is made up of 7 active and enterprising women who seek to improve their lives every day. Sandra is 45 years old, married, and has three children, two of whom are still dependent on her. Sandra makes a living selling beauty products, which are ordered... More from Trabajando Para El Futuro 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