Luna Radiante Group
The President of the communal bank, María René, is a young, 28-year-old mother of four children. She joined the communal bank because she needed training to run her sportswear selling business. She has a stand in the 16 de Julio neighborhood’s Thursday and Sunday markets. She learned to sell some years ago when she was a salesperson in a store in the city of La Paz. She later decided to become independent and open her own business. She has requested a Bs.800 loan to buy a dozen sports outfits.
When she was asked what she liked about Pro Mujer she commented that she likes the meetings that take place in the focal center especially because the group is very united.
La presidenta de la banca comunal, señora María René es una mujer joven de 28 años, madre de 4 niños, ingresó a formar parte de la banca comunal porque necesitaba capitalizarse para llevar adelante su negocio de venta de ropa deportiva. La señora María René vende en su puesto de la zona 16 de Julio, en la feria de los días jueves y domingo. Aprendió a vender hace algunos años, cuando era vendedora en una tienda de la ciudad de La Paz, luego decidió independizarse y contar con su propio negocio. El préstamo que ha solicitado es por Bs.800.- y será invertido en la compra de una docena de deportivos.
Cuando se le consultó que le gusta de Pro Mujer, ella comenta que le gusta la reunión que se tiene en el centro focal y en particular su grupo porque es muy unido.
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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