Hedibia is the president of the “Señor Nazareno” Communal Bank, a group made up of seven hardworking and enthusiastic members. Hedibia is 51 years old and married. She has 5 children of whom 2 are still dependent since they are of school age.
Hedibia is a hardworking woman. With a desire to progress and contribute to the household expenses, she began her own business selling fruits, soft drinks, and snacks on an itinerant basis. Most of her customers are people that travel to the center of the country.
Thanks to her hard work, Hedibia has succeeded in improving her house. Her dream is to install a shop in her house where she can sell her products and not have to work itinerantly. She will invest the loan she receives from EDAPROSPO in her business, purchasing fruits (apples, peaches, grapes), soft drinks, and snacks (peanuts and beans), and in this way have what she needs for her customers.
The “Señor Nazareno” Communal Bank is very grateful and promises to continue working with Programa Prosperidad (Prosperity Program). Margarita wasn’t able to be present for the photo because of her work.
Hedibia es la presidenta de la Alcancía Comunal “Señor Nazareno” grupo conformando por 07 personas trabajadoras y entusiastas. Hedibia tiene 51 años de edad es casada y tiene 05 hijos de los cuales 02 de ellos dependientes aun, ya que están en etapa escolar, Hedibia es una mujer trabajadora que con los deseos de progresar y de aportar con los gastos del hogar inicia su propio negocio la cual vende ambulatoriamente frutas, gaseosas y confiterías donde la gran mayoría de sus clientes son personas que viajan al centro del país. Gracias a su esfuerzo Hedibia ha logrado mejorar su vivienda. El anhelo de Hedibia es de instalar una tienda en su casa donde pueda vender sus productos y no tener que trabajar ambulatoriamente. Con el crédito que recibió de EDAPROSPO lo invertirá en su negocio comprando frutas (manzana, melocotón, uvas), gaseosas y confiterías (maní, habas) y de este modo tener que ofrecer a sus clientes. La Alcancía Comunal “Señor Nazareno” están muy agradecidos y se comprometen a seguir trabajando bien con el Programa Prosperidad. Margarita no pudo estar presente por motivo de trabajo.
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.