Flor De Coca Group
The members of the communal association engage in a variety of business activities, including making vicuna blankets, knitting and selling blankets, running a jewellery workshop and selling jewellery, making handcrafts in miniature, selling clothes and selling fairy floss.
Francisca tells us that this is the third year she has worked for Pro Mujer after being invited to join as a member by one of the institution’s promoters. She now runs a business knitting blankets, which she has been doing for many years, doing business only amongst her friends.
The loan that she is applying for will increase her capital through the purchase of wool, which she will obtain through distributing agencies. Later, she will make and sell her wares depending on the orders she receives. This field of work helps her to support her family, as she is married and has two children.
When asked what she liked about Pro Mujer, Francisca responded that she liked the office.
La señora Francisca, indica que es el tercer año que trabaja en Pro Mujer y que integro la institución por invitación de promotoras. En la actualidad ella tiene un negocio de tejido de mantas que viene trabajando hace años haciendo el negocio solo con sus amigas.
El crédito que ahora sacará es para aumentar su capital (compra de lana) que adquirirá de las agencias distribuidoras y posteriormente a la elaboración lo venderá a pedido. Esta forma de trabajo le ayuda a poyar a su familia pues ella es casada y tiene dos 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.
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Success!! The loan was 100% repaid