Una Luz Al Desarrollo| Group
Flora's an enterprising mother who makes a living raising and selling small birds (chickens, ducks, and doves). She started this business with the idea of improving her income so she could help with the household expenses, but not before having taken a course to train for this type of job. She's happy because thanks to her hard work and with the help of her spouse she has managed to start a new business renting use of the Internet.
She requested the loan to buy balanced feed for her animals and some Internet accessories she needs.
Her biggest desire is to see her son become a professional.
The Una Luz al Desarrollo group is grateful for the loan granted. Flora is the first one on the right; she's wearing a striped sweater and gray pants.
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