Esfuerzo Es Exito Group
Update on Esfuerzo Es Exito GroupAngelica, 32, lives with her partner and her three children who all depend on her. She sells shoes, slippers, pyjamas and underwear through catalogues, an activity she has been doing for two years now. She used to offer a daily cleaning service.
She will invest the loan in buying more footwear and underwear. Her ultimate dream is to have a stand where she can sell her goods.
She also works as a secretary for the group "Esfuerzo es Exito". The group are grateful to the Kiva lenders for the help they offer.
Angelica is the first person on the right in the photograph.
Previous Loan DetailsThe Communal Bank “Esfuerzo Es Éxito” (Effort Is Success) is a new group that consists of eight enthusiastic members who are starting their work with the “Prosperidad” (Prosperity) Program. One of the members is Miriam. She is 29 years old, separated from her spouse, and has one dependent ... More from Esfuerzo Es Exito 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