Unidad Vecinal C Group
Mrs. Genoveva, the communal bank’s president, says that she is part of the C.B. (communal bank) thanks to an invitation from a few friends. Married and the mother of four children, she has been in the sportswear making business for over eight years. Her husband was the one who taught her. She says that over time she has succeeded in developing a quality product and that the quality of the fabric and of the sewing are very important for maintaining a space in the market, as there is a lot of competition.
When asked about what she likes about Pro Mujer, she says that first and foremost are the savings, and secondly she likes the opportunity she has of sharing with her partners.
La señora Genoveva, presidenta de la banca comunal, indica que forma parte del B.C. “Unidad Vecinal C” gracias a la invitación de unas amistades. Casada, madre de cuatro hijos, su negocio es el de confección de deportivos, desde hace más de ocho años, el esposo fue quien le enseñó. Comenta que con el tiempo ha logrado desarrollar un producto de calidad y que es muy importante la calidad de la tela y de la costura, para mantener un espacio en el mercado, pues hay mucha competencia.
Cuando se le consulta que le gusta de Pro Mujer, ella comenta que es el ahorro en primer lugar, en segundo lugar la oportunidad que tiene de compartir con sus compañeras.
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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