Nueva Esperanza Group
Update on Nueva Esperanza GroupRoxana is 38 years old and lives with her two dependent children. She was encouraged by her mother-in-law to set up a small bookstore in her home since there were no bookstores in the area in which she lives. The loan will be used to purchase cleaning products to improve her earnings. She is the treasurer for the “Nueva Esperanza (New Hope)” group. The group is grateful to Kiva investors for the loan. Roxana is the second person from the right.
Previous Loan DetailsThe group "Nueva Esperanza" (New Hope) consists of hard-working members who are responsible with their payments. Wilver is 36 years old. He is married and has a dependent son. He works independently maintaining green areas. In the past he worked in construction. One of Wilver's projects is to set... More from Nueva Esperanza 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