Cordillera De Los Andes Group
The businesses that the members of communal association carry on are varied, and include: neighborhood store, buying and selling livestock, weaving shawls, lamb butchering, and making flower baskets. Cristina says this is the first time she has worked with Pro Mujer, and that she joined the institution at the invitation of the facilitator in the area.
Currently she has a business buying and selling livestock, that she has been doing for many years. The loan she will take out is for increasing her capital, by buying livestock that she will acquire at fairs in the rural area, and later sell in her community. This work will allow her to generate resources to support her family, as she is married and has eleven children.
La señora Cristina, indica que es la primera ves que trabaja en Pro Mujer y que integro la institución por invitación de una promotora en zona. En la actualidad ella tiene un negocio de compra y venta de ganado que viene trabajando hace años atrás.
El préstamo que sacará es para aumentar su capital (compra de ganado) que adquirirá de las ferias del área rural y posteriormente lo venderá en su comunidad. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella es casada y tiene once 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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