Rosario tells us that prior to the 3 years she has worked with Pro Mujer, she joined the communal bank at the invitation of her friends. Now she has a neighborhood general store that has been in existence for some time.
The loan that she seeks is for buying groceries in the local public markets, to be sold in her stall. This form of work allows her to generate resources to help her family. When asked what she likes about Pro Mujer, Rosario responded that she likes the savings.
La señora Rosario, indica que hace tres años 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.
El crédito que ahora sacará es para aumentar su capital (compra de víveres) que adquirirá de las ferias y posteriormente lo comercializará en su puesto de venta. Esta forma de trabajo le permite generar recursos para apoyar a su familia.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el ahorro.
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