Unión Progreso Group
Basilia has been working with Pro Mujer for two years and she joined the institution by invitation from a friend. She has a macramé blanket business which she has been in for several years.
The loan she is requesting is to increase her working capital to buy fabric in La Paz. She will then sell her finished products at markets in other departments. This type of work allows her to generate an income to support her family. She lives with her common-law husband and three children.
When asked what she likes about Pro Mujer, she says it is the loan program.
La señora Basilia, indica que hace dos años que trabaja en Pro Mujer y que integro la institución por invitación de una amiga. En la actualidad ella tiene un negocio de tejido en macramé a mantas que viene trabajando hace años.
El crédito que ahora sacará es para aumentar su capital (compra de tela) que comprará de La Paz y posteriormente a la elaboración lo venderá en las ferias y otros departamentos. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella vive en concubinato y tiene tres hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el crédito.
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