Warm greetings. Victoria is a member of the group the "Flowers of Buenos Aires" [Las Flores de Buenos Aires], which is made up of 8 hard-working members who, through their work, have fought to move their families ahead. This is the case with Victoria, who is 54 years old and has 7 older children. She makes a living selling beauty products. Apart from this, she provides guest accommodation in her house, which is how she earns extra income for her household. One of her achievements has been seeing her children become professionals. She wishes to open a stall where she can sell drinks.
Victoria is asking for this credit in order to buy beauty products, such as colognes, powders, and creams. The "Flowers of Buenos Aires" group is grateful for the loan provided and they promise to continue working well with the Prosperity Program.
Victoria is third from the left in the photo above, wearing a white short and blue pants.
Cordiales Saludos. Victoria es integrante del grupo “Las Flores De Buenos Aires” la cual está integrado por 08 socios luchadores que por medio de sus trabajos han logrado sacar adelante a sus familias. Este el caso de Victoria de 54 años casada con 07 hijos mayores de edad. Ella se dedica a la venta de productos de belleza, aparte brinda hospedaje en su vivienda, de donde obtiene un ingreso extra para su hogar. Unos de sus logros es ver a sus hijos profesionales. Desea aperturar un puesto donde pueda ofrecer bebidas. Solicito el crédito para la compra de productos de belleza como colonias, talcos y cremas. El grupo “Las Flores De Buenos Aires” agradecen el crédito brindado y se comprometen a seguir trabajando bien con el Programa-Prosperidad. Victoria es la tercera del lado izquierdo, viste buza blanca y pantalón azul.
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.
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.