Mujeres Exitosas Group
Flora, a member of this group, is a 57-year-old, single woman. She is pictured above in the back row. She is the first woman from the left, wearing a pink polo shirt. Flora makes a living selling baby clothes. The business has allowed her to support the nieces and nephews in her care in their studies. Her biggest dream is to open a shop from which to sell her products. Flora will use her loan to buy baby clothes.
The Successful Women group is very happy and grateful for the help Kiva has offered them.
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