El Huarango Group
El Huarango Group’s story
María Flor is 28 years old. She has a son who is her greatest incentive to work and get ahead. She is a part of the El Huarango Group that is made up of seven members.
Two years ago she started her business of selling clothing on foot. Little by little she was putting aside part of her working capital so she could rent a stand in one of the busiest markets in a commercial area. The business did so well that today she can rent two stands and offer clothing for sale according to the season. One of her goals is to acquire a stand or facility to open her boutique.
She will invest the granted loan in the purchase of jackets for sale.
In this group: Elena, Liz Janeth, Lisseth Yanina, Maria, Diana Carolina, Maria Flor , Elena Yachira
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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.
A portion of El Huarango Group’s $4,775 loan helps a member to invest in the purchase of winter seasonal jackets to sell in her clothing business.