Florinda says that she has been working with Pro Mujer for five months. She joined the institution through an invitation from a loan officer and some friends. She has a grocery store business where she has been working for sixteen years.
Florinda will use the loan that she is taking out to increase her capital (buying noodles, rice, sugar, etc.). She will buy these products in La Ceja and then sell them in her store. This work allows her to make income to support her family. She is married and has three children.
When we asked her what she likes about Pro Mujer, Florinda replied that she likes the savings.
La señora Florinda, indica que hace cinco meses que trabaja en Pro Mujer y que integro la institución por invitación de una promotora y de compañeras. En la actualidad ella tiene un negocio de tienda de abarrotes que viene trabajando hace diez y seis años.
El crédito que ahora sacará es para aumentar su capital (compra de fideo, arroz, azúcar, etc.) que adquirirá de la Ceja y posteriormente lo venderá en su tienda. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella es casada y tiene tres hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta los ahorros.
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