Mujeres Triunfadoras De Micaela Bastidas Group
Update on Mujeres Triunfadoras De Micaela Bastidas GroupA group made up of eight enterprising woman with a lot of creativity of business, this is how the members of the “Mujeres triunfadoras de Micaela Bastida” communal bank are.
Lili, is 44 years old and has three children. She has been running a small clothing business for five years now. Lili has managed to create customer loyalty which has generated profits to cover her household spending. In the future, she would like to have her own premises where she could sell the clothes whether for men or women and therein obtain better profits.
With the loan, Lili will invest in expanding her small clothes business and therein have more types of clothes and continue meeting her customers' needs and in this way continue making her way ahead in life.
At the same time, Lili and all the members of the group are grateful to Kiva for the loan given and for the confidence shown in them. Lili is seen standing and is the first person on the right, she is carrying a black bag on her shoulder. She leaves with the promise of meeting all the goals she has set down.
Previous Loan DetailsHello, from Peru. I introduce you to a group with 8 participants with a great initiative for business. This is the characteristic of the group “Mujeres Emprendedoras de Micaela Bastida” (Entrepreneurial Women of Micaela Bastida). One of the group members is Reyna who is 49-years-old, married, a... More from Mujeres Triunfadoras De Micaela Bastidas 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