Mrs. Maribel says that this is the first time that she is a part of a communal bank with Pro Mujer as she joined by a friend’s invitation. At present she has a business making pants which she has done for many years when she bought the sewing machines.
Her loan will be used to buy fabric (to make pants) that she will buy in the city of La Paz and will sell the finished product in various markets as a street vendor. This work will allow Mrs. Maribel to make enough to support her family as much as possible since she lives with her partner and has two children.
La señora Maribel indica que es la primera vez que integra una asociación comunal en Pro Mujer, ingresando por invitación de una amiga. En la actualidad ella tiene un negocio de producción de pantalones que viene trabajando hace mucho tiempo, con la compra de máquinas.
El crédito que sacará ahora es para comprar tela (para la elaboración de pantalones). Este material lo adquirirá de la ciudad de La Paz y lo comercializará en las ferias de forma ambulante. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en concubinato y tiene dos 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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