Mujeres Exitosas Group
Currently, Flora sells baby clothing in the street, which she has been doing for 12 years. This business has allowed Flora to raise her nephews. After the death of her sister, her two nephews were left in her care, and she has provided them with education and a mother's love.
She applied for the loan to invest in her business, buying polo shirts, sweaters, and baby blankets. Flora's greatest desire is to have her own shop where she can sell her clothing, and continue supporting her nephews, who have been her reason for moving forward.
The "Mujeres Exitosas" communal bank is grateful for the loan they have been provided, and are committed to working well with the Prosperidad program.
Flora is shown in photo wearing a red blouse.
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.
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