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Sí, Sí, Sí Group
In this Group: Rosa Luz, Elida Elena, Cleyde Marisa, Mauricio, Miriam

Update on Sí, Sí, Sí Group

Cleyde is 42 years old and is married. She started a small bookstore in her house with which she has been able to support her husband with the household expenses. She will invest the loan in the purchase of an exhibition display case where she will be able to better exhibit her products.

Her greatest desire is to broaden her bookstore with the sale of toys. In the group Si, Si, Si, she fulfills the function of president. The group thanks the Kiva investors for the loan provided. Cleyde is the second from the left side wearing a black sweater and brown t-shirt.
View original language description ↓
Cleyde tiene 42 años de edad es casada. Ella implemento una pequeña librería en su vivienda con el cual ha podido apoyar a su esposo con los gastos de su hogar. El crédito lo invertira en la compra de una vitrina exhibidora en donde podrá exhibir mejor sus productos. Su mayor deseo es ampliar su librería con la venta de juguetes. En el grupos “Sí, Sí, Sí,” cumple la función de presidenta. El grupo agradece a los inversionistas KIVA por el crédito brindado. Cleyde es la segunda del lado derecho viste chompa negra y polo marrón.

Previous Loan Details

The group "Si, Si, Si" (Yes, Yes, Yes) is made up of members who work in retail businesses and also in agriculture. Rosa is 33 years old, is married and has two school-age children. She sells chirimoya fruit (also called custard apple - a sweet fruit native to the Andes and similar in external a... More from Sí, Sí, Sí 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
  • 89
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sí, Sí, Sí Group's $2,225 loan helped a member to buy a display case.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014