The Community Alliance "Señor De Los Milagros” (Our Lord of Miracles) consists of 7 dynamic and enterprising women, the majority of whom are neighbors. Hilda is 47 years old, married, with 2 grown children. Hilda began making weavings, little by little growing her income. So she decided to start her own business, where today she sells basic need goods. Thanks to her efforts and dedication Hilda has been able to support her children in their education and improve their quality of life. Her greatest wish is to see her children become professionals and to continue growing her business. With the wishes to improve her business she sought a loan in order to buy basic items such as rice, sugar, milk, noodles, and beverages. The "Señor De Los Milagros” group is thankful for the provided loan. Hilda is located in the back section of the photo, second from the left, dressed in a red vest and striped shirt.
La Alcancía Comunal “Señor De Los Milagros” está constituida por 07 mujeres emprendedoras y dinámicas, siendo la gran mayoría de ellas vecinas de la zona. Este es el caso de Hilda de 47 años casada y con 02 hijos independientes. Hilda comenzó realizando tejidos, poco a poco fue mejorando sus ingresos. Es así como decide iniciar su propio negocio, donde actualmente ofrece productos de primera necesidad. Gracias a su esfuerzo y dedicación Hilda a podido apoyar a sus hijos en su educación y mejorar su vivienda. Su mayor deseo es de ver a sus hijos realizados profesionalmente y seguir implementando su negocio. Con los deseos de seguir mejorando solicitó el crédito la cual comprará víveres como arroz, azúcar, leche, fideos y bebidas. El grupo “Señor De Los Milagros” agradecen el crédito brindado. Hilda está ubicada en la parte posterior, es la segunda del lado izquierdo, viste chaleco rojo y polo a rayas.
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.