The president, Elizabeth, is 44 years old and a single mother with one daughter. She has been working with Pro Mujer for 14 years and her business is selling CDs. She works in her business every day, together with her daughter. She acquires her merchandise in Desaguadero, a town which is located on the border between Bolivia and Peru. She sells her CDs on Avenida 6 de Marzo in Santiago II and in Horizontes.
Elizabeth plans to use the loan she has requested to buy "CDs and DVDs". This will help her to improve her product sale. When we asked her what she most likes about Pro Mujer, Elizabeth replied "the training".
La presidenta, la señora Elizabeth es una mujer de 44 años de edad, soltera, madre de una hija. Esta trabajando con Pro Mujer 14 años, con los que ha continuado su comercio de CD’s, trabajando diariamente con su hija. La mercadería la consigue de Desaguadero, población que se encuentra en la frontera de Bolivia y Perú; estos CD’s los vende en la Av. 6 de marzo, en Santiago II y en Horizontes.
Con el monto de crédito solicitado piensa comprar “CD’s y un DVD” y con ello mejorar la comercialización de sus productos.
Cuando le consultamos qué es lo que más le gusta de Pro Mujer, la señora Elizabeth responde la capacitación”.
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