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Union  Por El Progreso Group
In this Group: Rosa Maria*, Marisol Olivia, Jacinta, Gisela Rosbith, Dominga, Jesusa Teresa, Maria, Juan Javier
* not pictured

Update on Union Por El Progreso Group

Jacinta is 33 years old and is separated with 3 dependent children. She is part of the group "Unión Por El Progreso" (Union for Progress), made up of 8 optimistic and enterprising members. More than 3 years ago Jacinta began making a living making clothing. Thanks to her constant dedication she can educate her children and suceed in her business. The loan that she requested is to buy fabric, thread and buttons.

The group "Unión Por El Progreso" is grateful to the Kiva lenders for making this loan possible. Jacinta is the third from the right.
View original language description ↓
Jacinta de 33 años de edad es separada con 03 hijos dependientes. Ella es parte del grupo “Unión Por El Progreso” y está formado por 08 socios optimistas y emprendedores. Hace más de 03 años que Jacinta se dedica a la confección de prendas de vestir. Gracias a su constante dedicación puede educar a sus hijos y salir adelante en su negocio. El crédito que solicitó es para la compra de telas, hilos y botones. El grupo “Unión Por El Progreso” agradece a los inversionistas Kiva por hacer posible este crédito. Jacinta es la tercera del lado derecho.

Previous Loan Details

Dominga is 60 years old, separated, and has an adult daughter. She is a member of the “Unión Por El Progreso“group, made up of 8 responsible members. Dominga sells groceries and thanks to her constant dedication, her daughter was able to attend school and she herself was able to get ahead with ... More from Union Por El Progreso 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
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,797,825
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Por El Progreso Group's $2,900 loan helped a member to buy fabric, thread and buttons.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 3, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014