Divino Niño Group
Update on Divino Niño GroupDoris Verónica is part of the Divino Niño Group; this group has been together for almost six months and it is made up of eight members.
Doris Verónica has been providing cosmetological services for around three years. She chose to study this technical career because she realized that women demand more and more for their personal appearance; these services are currently very sought after. Doris Verónica has started setting up a small space in her home to provide these services; in the future she would like to have her own large space with employees to manage and to become an integral cosmetological center.
She will invest the loan she has received to buy products to use on her customers for cosmetological services such as facial rejuvenation, size reduction, etc.
Doris Verónica, se dedica desde hace aproximadamente tres años a prestar servicios de cosmiatría. Ella escogió estudiar ésta carrera técnica porque se dio cuenta que cada vez las mujeres exigían mas para su arreglo personal, actualmente éste servicio es muy solicitado. Doris Verónica ha iniciado ambientando un pequeño espacio en su casa para brindar éste servicio, le gustaría mas adelante poder tener un gran local, con personal bajo su cargo y que se convierta en un centro de cosmiatría integral.
El préstamo recibido lo invertirá en la compra de productos para la aplicación a sus clientas clientas para el servicio de cosmiatría como rejuvenecimiento facial, disminución de medidas, etc.
Previous Loan DetailsJaneth is 25 years old and is part of the group “Divino Niño” (Divine Child), which was recently established with six members. They joined together with the same goal of advancing their businesses by increasing their capital. For the past three years, Janeth has operated a sewing workshop loc... More from Divino Niño 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
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.
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