Progreso 2011 Group
Hilaria, along with her husband Oscar who is a carpenter, have operated a carpentry shop for 7 years. In addition to this business, they sell food at open-air markets.
Hilaria has three daughters, and only Rocio, age 13, is dependent on her.
The loan offered to her is to buy wood in order to fulfill orders for doors.
In the photograph, Hilaria is wearing a red sweater and brown pants, and she is the first on the right.
Hilaria con su esposo Oscar que es carpintero, tienen una carpinterìa desde hace 7 años. Adicionalmente a este negocio venden comida en ferias.
Hiñaria tiene 3 hijas y sòlo Rocio de 13 años depende de ellos.
El prèstamo otorgado es para la compra de maderas para poder cumplir con sus pedidos de puertas.
En la fotografìa Hilaria esta vestida con chompa rojo y pantalòn marròn y es la primera de la derecha.
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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