Las Activas Del Sector C Group
Update on Las Activas Del Sector C GroupBetty is 54 years old, she has four children and belongs to the Las Activas Del Sector C group.
For a two year period of duration, she has had an independent business selling groceries, condiments, soft drinks, etc, where she works 6 hours a day and tells us that it's going very well and she serves 40 customers a day. Apart from this she also makes packets for minerals. She is requesting this loan to invest in purchasing soft drinks, spices and groceries in general.
She feels happy with having obtained the loan and she thanks the KIVA investors for the help and asks that they continue supporting the desire to improve themselves for the people who need it.
Que tiene un periodo de duración de dos años, tiene un negocio independiente de venta de abarrotes, condimentos, golosinas, etc, al cual le dedica 6 horas diarias y nos cuenta que le va muy bien y atiende 40 clientes al día, aparte de esto fabrica sobres para minerales, solicito el préstamo para invertir en la compra de golosinas, especerías y abarrotes en general. Se siente muy contenta de haber obtenido el préstamo y agradece a los inversionistas de KIVA por el apoyo y pide sigan apoyando el deseo de superación de la gente que lo necesita.
Previous Loan DetailsSoledad is a single mother of two children, one of whom is still in school. She lives with her mother and her young daughter. Soledad has worked since she was very young, thanks to her mother who taught her to get ahead and defend herself against the adversities of life. Soledad has worked for fo... More from Las Activas Del Sector C 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
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.
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Success!! The loan was 100% repaid