Hilda is 50 years old and lives in Huaycán in the D zone. She has been president of the Holy Family group for 8 months and although the group has worked with Edaprospo for 8 years, the group consists of 14 neighbors and friends, who chose the name because of a local restaurant. Hilda has been making clothing for 8 years, as she has studied dressmaking since she was 16 years old. She has been able to buy additional machines to help with the work, and the loans enable her to secure the fabric that is her raw material. She hopes to expand her business and continue to help her husband care for their two children and proviD. them a better life, although for this she needs additional financing from Edaprospo.
La señora Hilda Laura tiene 50 años D. edad y vive en Huaycán en la zona D, es la presidenta del grupo “Sagrada Familia” desD. hace 8 meses, aunque el grupo tiene 3 años trabajando con Edaprospo, este mismo está conformado por 14 vecinas y amigas que eligieron el nombre por el comedor D. la zona. Hilda Laura trabaja confeccionando ropa desD. hace 8 años ya que tiene estudios D. corte y confección desD. sus 16 años, ah logrado comprar más maquinas para que le ayuden en su labor y con sus préstamos se abastece D. las telas que son su materia prima, así mismo espera ampliar su negocio y seguir ayudando a su esposo a mantener sus dos hijos y darles una mejor calidad D. vida, aunque para esto necesite mas habilitaciones por parte D. Edaprospo.
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.