Hilda Esperanza, President of the Alcancía (Communal Piggy Bank) is 46 years of age and is married, although currently separated. Like thousands of women in Lima she is the head of her household and works assiduously in order to proviD. a dignified life for her four young children. In spite of the difficulties that have confronted her all of her life, she maintains a cheerful and optimistic disposition. Hilda has been in business for twenty years. Currently she sells pottery and market goods in her sales stand in the Señor D. los Milagros D. San Juan D. Lurigancho market. When she started out in business, she was setting out her products on the ground, in the street. Initially, her earnings were to supplement her family's income but over time, as she gained experience and was left with only this source of income, it became her sole means of meeting the expenses of her family's budget. With the earnings from her business activity she has been able to buy her stand in the market where she currently works and she is educating her children. Little by little, she is saving up to pay the expenses for a higher education for her children. If she were able to obtain sufficient funds, she would use them to expand her sales stand and stock it with a greater variety of merchandise.
Hilda Esperanza, (Presidenta D. L. Alcacia) tiene 46 años, está casada, pero actualmente vive separada, como miles D. mujeres en Lima es L. jefa D. su hogar y trabaja arduamente para darle una vida digna a sus cuatro menores hijos,. A pesar D. las dificultades que le ha tocado enfrentar en su vida elL. mantiene su espíritu risueño y optimista. Hilda se dedica al comercio desD. hace 20 años; actualmente venD. locería y artículos D. bazar en su puesto D. venta del mercado Señor D. los Milagros D. San Juan D. Lurigancho; se inició en el negocio exponiendo sus productos en el suelo, en L. calle, al principio sus ingresos servían para complementar el ingreso familiar, con el tiempo, al ganar experiencia y al quedarse soL. este ingreso se constituyó en el único ingreso disponible para cubrir los gastos del presupuesto familiar. Con los ingresos D. su actividad comercial ha podido comprar el puesto del mercado en el que actualmente trabaja y está educando a sus hijos; D. manera progresiva viene ahorrando para financiar los gastos D. L. educación superior D. sus hijos. Si elL. pudiese disponer D. un fondo importante lo dedicaría a ampliar su puesto D. venta y a surtirlo D. una mayor y más variada mercadería.
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.