Hersilia is 60 years old. She has been a member of the 'Unidos por el Triunfo' (United for Victory) community bank for three years. She makes handicrafts such as macramé bags, dolls and she also does a little sewing. She sells all of these objects herself. As well as knowing how to make macramé products, she is also studying how to make leather handicrafts. She is requesting a loan from EDAPROSPO to invest in buying materials for making leather purses. Hersilia's dream is for her youngest child to finish university and to finish building her house.
Hersilia tiene 60 años D. edad es socia D. la Alcancía Comunal Unidos por el Triunfo desD. hace tres años. Ella se dedica a elaborar manualidades como son bolsos en macramé, muñecas y también hace un poco D. costura, todos estos objetos los ofrece ella misma, además D. saber tejidos en macramé está estudiando manualidades en cuero para lo cual solicito un préstamo a EDAPROSPO e invertir en materiales para elaborar carteras en cuero. El sueño D. Hersilia es que su último hijo termine la universidad y terminar D. construir su casa.
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.