Mary indicates that she’s been working with Pro Mujer for two cycles having joined thanks to an invitation from an advisor. She currently has a crafts making business that she learned years ago.
The loan she’ll take out now is to increase capital (to buy a machine and fabric). She will buy them at 16 de Julio and then sell to order. This way of working allows her to generate resources to support her family as best she can since she lives with a spouse and has two children. When asked what she likes about Pro Mujer, she answers that she likes the punctuality.
La señora Mary, indica que hace dos ciclos que trabaja con Pro Mujer, ingresando por invitación de una promotora. En la actualidad ella tiene un negocio de elaboración de artesanias que aprendio hace años.
El crédito que ahora sacará es para aumentar su capital (compra de máquina y telas), que comprara la 16 de Julio y posteriormente lo venderá a pedido. 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.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta la puntualidad.
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