Mujeres Activas Group
Update on Mujeres Activas GroupA group is composed of 5 entrepreneurial women with a lot of creativity for business - this is what the members of the communal bank "Mujeres Activa" (Active Women) are like.
Zonia is 43 years old and married with 4 children. Zonia has had a small grocery store for 5 years. With the help of her family she has been able to improve her situation, so much so that has been able to earn the loyalty of her clients, which has generated an income for her to cover household costs. In the future she would like to have her own store where she can sell her products (sugar, coffee, milk, rice, etc.). She will invest the loan in purchasing more products and continuing to meet the needs of her clients, thereby enabling her to get ahead. Zonia and all the members are grateful to Kiva for the loan and for the confidence demonstrated in them.
Zonia is pictured standing with the green striped polo. She bids farewell with a promise to meet all of her goals.
Previous Loan DetailsThis group consists of responsible individuals who engage in different commercial activities. All of them reside in the District of Vitarte and are members of the Communal Bank “Mujeres Activas” (Active Women). One of the members is Sra. Jacinta. She is 53 years old, single, and has four ... More from Mujeres Activas 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