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Karin Group
In this Group: Maria Rosa, Bertha Olinda, Jessica Susi, Maritza, Elizabeth, Antonia, Diana, Marilu Basilia

Update on Karin Group

Jessica, 39, is the mother of two children. She has worked for four years cutting hair in her space. She has acquired loyal customers, generating earnings to cover her household expenses. Jessica would like to have her own space in the future so her beauty salon will earn more profit.

She'll invest the loan in expanding her space and buying more products (scissors, styling brush, dryers, shavers, etc.).

Jessica and all the members are grateful to Kiva and EDAPROSPO for the loan granted and for the trust placed in them.

Jessica's standing up and wearing a blue sweater. She signs off promising to achieve all her objectives.
View original language description ↓
La Sra. Jessica de 39 años de edad y madre de 2 hijos. La Sra. Jessica se dedica hace 4 años al corte de cabello (peluquería) en un local, la Sra. Jessica que ha llegado a fidelizar a sus clientes el cual le ha generado ganancias para poder cubrir los gastos de su hogar, En el futuro le gustaría tener un local propio donde poder tener su salón de belleza y así obtener mayores ganancias económicas. Con el préstamo otorgado lo invertirá en ampliar el local y comprar más productos (tijera, cepillo de peluquería, secadores, resuradoras, etc.) A la vez la Sra. Jessica y todos los integrantes se encuentran agradecidos con Kiva y Edaprospo por el préstamo otorgado y por la confianza que se les ha sido brindada. La Sra. Jessica se encuentra parada se le distingue con una chompa de color celeste, despide Dejando la promesa que cumplirá todas sus metas propuestas.

Previous Loan Details

The communal group “KARIN” is comprised of 8 entrepreneurial women with great creativity for business. Bertha is 46 years old, married and a mother of 3 children. She has a small grocery store which she has had for about 15 years. She has been able to promote to her customers which has generated ... More from Karin Group's previous loan »

Additional Information


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

  • $12,000
    Average annual income
  • 44
    View loans »
    Peru Loans Fundraising
  • $64,450,300
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Karin Group's $1,600 loan helped a member to buy beauty products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 23, 2013
Aug 28, 2013
Currency Exchange Loss:
Jan 17, 2014