Las Semillitas Group
Update on Las Semillitas GroupRaul is 51 years old and is separated, with 1 independent child. The Las Semillitas (Little Seeds) group is made up of 6 optimistic and dynamic members. For more than 20 years Raul has had a mechanic shop which provides vehicle repair services. Thanks to what he earns he is able to continue supporting his family.
Raul's wish is to continue growing at his business. That is why he requested a loan to purchase a hammer, pliers, and a jack.
The Las Semillitas communal bank thanks the people who made this loan possible.
Raul can be found seated in the front. He is the second from the left and is wearing a black jacket with a white shirt.
Previous Loan DetailsThe group “Las Semillitas” (Little Seeds) has six responsible, dynamic members. Jorge is 33, single, and doesn't have any children. Over 8 years ago, he started a workshop, which provides painting services for cars, motorbikes, bicycles and tricycles. Thanks to what he earns, he can continue to s... More from Las Semillitas 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