Arco Iris Group
Sra. Antonia is the president of the Communal Bank. She says she joined the “Arco Iris” Communal Bank because of an invitation she received from the promoters of Pro Mujer who came to her area to raise awareness of the credit, training, and health services. Sra. Antonia learned to sew as a young woman by working at a factory. She currently produces women’s formal wear, but now receives orders for traditional clothing. The loan she is requesting will be used to repair her sewing machine.
When asked what she likes about Pro Mujer, Antonia said she enjoys the savings and the ability to share with her group.
La señora Antonia presidenta de la banca comunal, indica que forma parte del B.C. “Arco Iris” gracias a la invitación de los promotores de Pro Mujer, quienes fueron a su zona para dar a conocer de los servicios de crédito, capacitación y salud. La señora Antonia aprendió a costurar desde muy joven en una fábrica, actualmente hace costura de trajes formales de dama, por ahora recibe cortes y ella hace la costura. El crédito solicitado es para hacer arreglar su máquina de coser.
Cuando se le consulta qué le gusta de Pro Mujer, ella comenta que es el ahorro y compartir en grupo.
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