Las Esmeraldas Group
Update on Las Esmeraldas GroupYolanda is 50 years old. She is married and has three children, now independent adults. Yolanda is a member of the "Las Esmeraldas" group, which is made up of seven hard-working and united women. With a desire to improve her income and get ahead, Yolanda took the decision to start her own business selling basic, staple goods. Yolanda is proud as, thanks to her business, she has made improvements to her home. Yolanda is applying for a loan in order to buy vegetables, groceries and drinks. Yolanda's wish is to improve her shop. The "Las Esmeraldas" group thanks Kiva investors for supporting them and helping them to progress. In the photo Yolanda is the second on the left - she is wearing a pink t-shirt with a black vest.
Previous Loan DetailsThis is the “Las Esmeraldas” (The Emeralds) communal bank. It has nine members most of them neighbors from the zone. Said group is noted for being responsible, mutually supportive people. Gladys, 41, is married with three children two of which are still dependent. For more than four years... More from Las Esmeraldas 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