The association has been working with Pro-Mujer for more than four years. The president, Julia G., mother of three, started the group with neighbors. Julia is knitting gloves and caps for winter, as well as other members, and she states that with the support of loans she managed to increase her family income and now she is able to pay two of her daughters to increase the production. Other members make ropes and some have businesses making carved furniture. The majority of the members requests loan to buy raw material (wool and wood).
La asociación trabaja junto a Pro-Mujer hace más de cuatro años, su presidenta es Julia G., madre de tres hijos, ella ha formado el grupo en sus inicios con vecinas de su barrio, Julia es una de las que se dedica al tejido de guantes y gorras de invierno, afirma que con la ayuda de créditos pudo incrementar los ingresos de sus familia, siendo así que ahora puede pagar a dos de sus hijas para aumentar la producción en sus tejidos. Otras de las integrantes se dedican a la fabricación de sogas y algunas tienen negocios de producción de muebles tallados.
La mayoría de las integrantes de este grupo, solicitan créditos para comprar materia prima (lana y madera)
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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Success!! The loan was 100% repaid