Joyitas 2010 Group
The group members within the community bank carry out different business activities, such as:
- Chocolate production,
- Sale of hygienic and other supplies,
- Store and bookstore,
- Knitting sweaters,
- Clothing sales,
- Sale of alpaca yarn,
- Sewing tents and
- Grocery store
Sebastiana points out that she has been working with Pro Mujer for fifteen years and joined following an invitation from a friend. At present, she has a business where she produces and sells chocolates. She's been doing this for many years, which she learned from her sister-in-law's group.
She will use this credit to increase her capital (purchasing sugar) that she will buy from the fair market in El Alto. She will then make the chocolate and sell it in the city of Oruro. Her business allows her to make the money she needs to support her family, since she is widowed and has two children. When asked what she likes about Pro Mujer, she responds that she likes the health facilities.
La señora Sebastiana indica que hace quince años que trabaja con Pro Mujer, ingresando por invitación de una amiga. En la actualidad ella tiene un negocio de elaboración y venta de chocolates que viene trabajando hace años atrás, aprendiendo el mismo de un grupo de su cuñada.
El crédito que ahora sacará es para aumentar su capital (compra de azucar) que comprará de las ferias de El Alto y posteriormente a la elaboración lo comercializará en la ciudad de Oruro. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia pues ella es viuda y tiene dos hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de salud.
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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