Mrs. Alejandrina says that this is the second year that she has been a part of the Pro Mujer Communal Bank, as she was invited to join by a promoter. At present, she has worked for two years weaving blankets, a trade that she learned from a friend.
The loan is to increase her merchandize (to buy fringes and wool) which will be bought at the 16th of July fair (a marketplace in the city of El Alto) and will be sold in the same market on Thursdays and Fridays. This work will allow Mrs. Alejandrina to have more income to support her family since she is married and has eight children.
In the picture we can see that Mrs. Josefa is not pictured since it is not allowed by her culture.
La señora Alejandrina indica que es el segundo año que integra una asociación comunal en Pro Mujer, ingresando por invitación de una promotora. En la actualidad ella tiene un negocio de tejido de mantas que viene trabajando hace dos años atrás, negocio que aprendió de amiga.
El crédito que sacará ahora es para el aumento de mercadería (compra de flecos y lana) los que comprarán de la feria 16 de julio (lugar comercial de la ciudad de El Alto) y los venderá en la misma feria los jueves y domingo. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene ocho hijos.
En la fotografía podemos observar que la señora Josefa no aparese, ya que no es permitido por su cultura
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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