The communal bank's businesses vary. They include shops, cleaning, bricklaying and stylist services, as well as the sale of spare parts, clothing, food, metal ornaments and Avon cosmetics.
Clara says it is the first time she has joined a communal bank with Pro Mujer, done at an advisor's invitation. Her business is car parts sales. She started it three years ago, with her husband's help. The loan that Clara is taking out is to increase her working capital, so that she can purchase parts that are ordered by motorists. She sells them Monday to Saturday at her post.
Her work allows her to generate resources to support her family however possible. Clara is married and has three kids.
La señora Clara indica que es la primera vez que integra una asociación comunal en Pro Mujer, ingresando por invitación de una asesora. En la actualidad ella tiene un negocio de venta de repuestos de auto, el que inicio hace dos años atrás, con la ayuda de su esposo.
El crédito que sacará ahora es para el aumento de capital (compra de repuestos) los que compra, mediante pedido a las personas que viajan y los vende de lunes a sábado en su puesto. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene tres hijos.
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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