Flerida is the coordinator of her group, Nuevo Esfuerzo 1, 2, 3 & 4 (New effort). Her group is located in Samana, a lush and rugged peninsula with a nascent tourism industry. She is a mother of three children, and she lives with her children's father, her long-term partner. Her immediate goals are to take care of her children and to provide for her family needs.
For around eight years Flerida has been selling fish and seafood. She has been growing her sales business by increasing her inventory and clientele, by having a stall next to her house, and selling in other communities. She will invest this loan, her third, to buy more fish and seafood like squid, octopus, shrimp, etc. She is also saving her profits and using them to finish building a better structure for her shop next to her house.
Flerida is dreaming of becoming a professional and having a successful business. She thanks you all for your support!!
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.