Check out some available loans that are similar to this one!
Virgen De Yauca Group
In this Group: Gloria, Maria*, Carmen Francisca , Elena , Pelagia, Paula
* not pictured

Update on Virgen De Yauca Group

Mrs. Gloria is a 43-year-old single mother of two. She has been selling tubers (potato, sweet potato, carrot, onion etc.) for 10 years and 6 months in a rented market stall. Mrs. Gloria continues to do good work, earn the loyalty of her customers, and generate revenue which allows her to cover household costs. In the future she would like to have a place where she can continue selling tubers and obtain greater economic profit. The loan will be invested in buying more tubers so she can get ahead. Mrs. Gloria and all the members are grateful to Kiva and Edaprospo for the loan and the trust that has been placed in them. Mrs. Gloria can be seen in the picture wearing her orange sweater. She promises to meet all of the proposed goals.
View original language description ↓
La Sra. Gloria de 43 años de edad soltera y madre de 2 hijos, ella se dedica hace 10 años y 6 meses a la venta de tubérculos (papa, camote, zanahoria, cebolla etc.) en un mercado alquilado, La Sra. Gloria sigue generando ingresos y sigue dando una buena labor y fidelizando a sus clientes el cual la Sr. Gloria sigue generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un local donde poder seguir vendiendo sus tubérculos y obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en comprar más tubérculos así poder salir adelante. A la vez la Sra. Gloria y todos los integrantes se encuentran agradecidos con Kiva y Edaprospo por el préstamo otorgado y por la confianza que se les ha sido brindada. A la Sra. Gloria se le distingue por su chompa color anaranjado, Dejando la promesa que cumplirá todas sus metas propuestas.

Previous Loan Details

Gloria is 43 years old and is a single mother of two children. She has worked for the past ten years selling tubers (including potatoes, sweet potatoes, carrots, onions, etc.) in a rented market stall. Gloria has loyal customers, which has provided income in order to cover her household expenses.… More from Virgen De Yauca 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.

Tags

About Peru

  • $6,715
    Average annual income
  • 69
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Yauca Group's $2,725 loan helped a member to buy tubers (potato, sweet potato, carrot, onion etc.).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014