La Divina De La Union Group
Update on La Divina De La Union GroupFifty-year-old Wilfredo lives with his partner and is a father to one son. Wilfredo has been a taxi driver for twelve years; this job is his only source of income. Wilfredo works a lot in order to give his son a good education and to prosper with his family. Wilfredo has regular customers, generating profits that allow him to cover household costs. In the future Wilfredo would like to own his own car, in order to earn higher profits. This loan will be invested in buying spare car parts so that his passengers may travel more safely.
Wilfredo and all of the members of this loan group are grateful to Kiva for this loan, and for the trust being put in them. In the photo, Wilfredo is the only man. Wilfredo ends this message promising that he will achieve all of his targets.
Previous Loan DetailsLourdes is 41 years old, is married and has two children. She has had a small grocery store for the past six years and has been able to build loyalty with her customers which has generated income for her to cover her household expenses. In the future she would like to have her own store where sh... More from La Divina De La Union 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
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
110View loans »
Success!! The loan was 100% repaid