Suma Amparanaca Group
Corina, the group's president, is a long-standing member of our institution. She remembers that she requested her first loan in 2000. She then stopped requesting loans for a time but now needs one again. Corina has a business knitting shawls. She started her business on her own initiative. In the beginning she had to buy patterns and magazines. She is now requesting a loan to buy yarn. Corina is married and has six children.
When we asked Corina what she most likes about Pro Mujer, she replied that she likes the group because it is united and punctual.
La señora Corina, presidenta de la asociación “Suma Amparanaca”, es socia antigua, ella recuerda que solicitó su primer crédito el año 2000, luego dejó de solicitar el crédito hasta ahora que lo necesita. La señora Corina cuenta con el negocio de tejido de mantas, inicio el negocio por iniciativa propia, para comenzar tuvo que comprar muestras y revistas. Ahora requiere de crédito para comprar lana. La señora Corina está casada y es madre de seis hijos.
Cuando le consultan sobre qué es lo que más le gusta de Pro Mujer, ella responde que le gusta el grupo porque es unido y puntual.
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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