Rosas De Villa Ingenio Group
María tells us that she has been working in Pro Mujer community banks for twenty years. She was invited to join by a promoter. She has a business making handicrafts from leather which she has had for twenty-five years.
María will use the loan that she is requesting to increase her capital by purchasing leather which she will use to make billfolds that she will then sell wholesale. She travels to different places to sell her products. This work enables her to make money with which to support her family. María is married and has three children.
La señora María indica que hace veinte años que integra una asociación comunal en Pro Mujer, ingresando por invitación de una promotora. En la actualidad ella tiene un negocio de elaboración de artesanías en cuero desde hace veinticinco años
El crédito que sacará ahora es para aumentar su capital (material de cuero)para la elaboración de las carteras, las que venderá por mayor en diferentes lugares, ya que viaja para vende sus productos a diferentes lugares. 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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Success!! The loan was 100% repaid