Mujeres Exitosas Group
Flora is fifty-seven years old, is single, and has cared for her young nephews since her sister passed away. For twenty years, Flora has been dedicated to selling baby clothing door-to-door in many markets. Years ago, she worked at the daycare in a market. It is because of this that she has been able to provide her nephews with an education and food.
She will invest the loan in the purchase of baby clothing for winter. Her greatest dream is to have a stall where she can work, and to give her nephews a professional career.
The group is thankful to the Kiva investors for helping them to improve the economic standing of their families. Flora is the second individual from the right, in the brown jacket.
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