The group's president, Wilma, is a young woman who has one child. She says that she has been knitting mittens for five years. She sells them to a company who then sells them wholesale. A family member taught her how to knit. However, the loan which she is requesting on this occasion will be used to set up a business selling vegetables from a stall in her district on Fridays and Saturdays.
When we asked Wilma what she likes about Pro Mujer, she replied that she likes to take part in the group and share with her fellow group members.
La presidenta, la señora Wilma es una mujer joven, tiene un hijo. Ella comenta que desde hace cinco años teje manoplas y las vende a una empresa que las comercializa por mayor. Un familiar le enseñó a tejer. Sin embargo, en esta oportunidad está solicitando crédito está destinado para iniciar un negocio de venta de verduras en un puesto de su Zona, los días viernes y sábado.
Cuando se le consulta sobre lo que le gusta de Pro Mujer, ella responde que le gusta participar en su grupo, 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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Success!! The loan was 100% repaid