The “NUEVA ASUNCIÓN DIST. 4” community bank are about to start their first loan cycle with Pro Mujer, as part of the Los Andes regional office. The group has seven members and is run by a board of directors which is led by Elza. The businesses that the members of the bank are engaged in are varied and include: sewing, knitting blankets, running a grocery store, making rugs and knitting capes.
Elza says that she has been working with Pro Mujer for six months and she joined through an invitation from her friends. She has a neighborhood store which she has been working in for some time. She learned the business from her husband.
The loan that Elza is taking out will be used to increase her capital (buying groceries). She will buy her products wholesale in La Ceja and will then sell them in her store. This work allows her to make income with which to support her family. Elza is married and has four children.
When we asked her what she likes about Pro Mujer, Elza replied that she likes the medical clinic.
La A.C. “NUEVA ASUNCIÓN DIST. 4” iniciará su primer ciclo en Pro Mujer, como parte del centro focal Los Andes, está compuesta por siete integrantes y está dirigida por una mesa directiva encabezada por la señora Elza. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: costura, tejido de mantas, tienda de abarrotes, alfombras, tejido de ponchillos.
La señora Elza, indica que hace seis meses que trabaja en Pro Mujer y que integro la institución por invitación de sus amigas. En la actualidad ella tiene un negocio de tienda de barrio que viene trabajando hace algún tiempo, aprendiendo el mismo de su esposo.
El crédito que ahora sacará es para aumentar su capital (compra de abarrotes) que adquirirá de la Ceja, por mayor, y posteriormente lo venderá en los puestos. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella es casada y tiene cuatro hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el consultorio.
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.