This group is called 'La Florida'. It has seven female members who are all entrepreneurs. They are currently in their fifth loan cycle. Augusta is 47 years old, married, and has two children. For three years now she has been selling new clothing and has some loyal customers. At night, she works in the hospital as a nurse. Augusta has requested this loan to buy pants, jeans, tops, shorts and muscle tops. Augusta is grateful to Kiva lenders for giving her the opportunity to continue improving her business. In the photo Augusta is on the far-right, in the back row. She is wearing a dark gray top.
Este es el Grupo “La Florida” que conforman 07 mujeres emprendedoras que pasan al ciclo 05. Augusta tiene 47 años, casada con 02 hijos. Augusta se dedica hace 3 años a la venta de ropa nueva y cuenta con clientes fidelizados, en las noches trabaja en el hospital de enfermera. Augusta ha solicitado el préstamo para comprar pantalón jean, polos, short y bibiri. Su sueño es de tener un local más grande donde pueda atender mejor a sus clientes. Augusta esta agradecida con los inversionistas Kiva por seguir mejorando su negocio. Augusta se encuentra ubicada en la parte de atrás, es la primera del lado derecho viste polo plomo.
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.