Espiritu Santo Group
Norah indicates that she has been working with Pro Mujer for two years, having joined the group by invitation of a promoter. Currently, she has a business selling plastic products that she has had for one year. She learned the trade through her trips to the Desaguadero (on the border of Bolivia and Perú) with her aunt.
The loan she is taking out now is for the purchase of plastic products that she will sell at the 16th of July Market (a commercial area in the city of El Alto) every day. This means of work allows her to generate income to support her family; she lives with her partner and has six children.
When asked why she likes working with Pro Mujer, she replies that it’s because she likes the savings.
La señora Norah, indica que hace dos años que trabaja en Pro Mujer y que integro la institución por invitación de una promotora. En la actualidad ella tiene un negocio de venta de plásticos que viene trabajando hace un año, mediante los viajes que realizaba al Desaguadero (frontera Bolivia Perú) con su tía aprendió.
El crédito que ahora sacará es para la compra mercadería (compra de plásticos) los que venderá el la feria 16 de Julio (lugar comercial de la ciudad de El Alto) todos los días. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella vive en concubinato y tiene seis hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el ahorro
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