Ms. Rosario, president of the group, states that she has been a part of the community bank with Pro Mujer for a year. She currently owns a jewelry making business, which she has had for three years. She started this business with her sister.
The loan that is being requested will be used to purchase oxygen, gold, and other tools necessary to make jewelry, which she will sell at different markets. This job allows her to generate the funds she needs to support her family, since she has a live-in partner and a son.
When asked what she likes about Pro Mujer, she replied that she likes the training.
La señora Rosario, presidenta de la asociación comunal, indica que participa hace un año en una asociación comunal en Pro Mujer. En la actualidad la tiene un negocio de joyería que trabaja hace 3 años, inicviando este negocio con su hermana.
El crédito que sacará ahora es para la compra de oxigeno, oro y otras erramientas, posterior a la elaboración de sus joyas las saldrá a vender a diferentes ferias. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella vive en concuvinato y tiene un hijo.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta 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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