Basilia says that she joined the group by invitation and is in her 2nd cycle with Pro Mujer. She has a store making and selling athletic jerseys where she has worked for 2 years.
The loan will be used to increase her capital through the purchase of fabric which she will get on Max Paredes street. Later she will make the clothes and sell them in the 16 de Julio market on Thursdays and Sundays. This work has allowed her to generate income to support her family. She lives in a common-law marriage.
La señora Basilia, indica que es el segundo ciclo que trabaja en Pro Mujer y que integro la institución por invitación. En la actualidad ella tiene un negocio de venta de confección de deportivos que viene trabajando hace dos años.
El crédito que ahora sacará es para aumentar su capital (compra de tela) que adquirirá de la calle Max Paredes y posterior a la elaboración lo comercializará en la feria 16 de julio los jueves y domingos. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella vive en unión libre.
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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