Flor Naciente Group
Albina says she has worked with Pro Mujer for 5 years, after joining at the invitation of a promoter. Currently she has a business selling food, which she started some years ago.
The loan that she will take out is to increase her capital by buying vegetables at the markets in El Alto and later she will prepare them and sell them at her stall. This work has allowed her to generate income to support her family as much as possible.
La señora Albina indica que hace cinco años que trabaja con Pro Mujer, ingresando por invitación de una promotora. En la actualidad ella tiene un negocio de venta de comida que viene trabajando hace años atrás.
El crédito que ahora sacará es para aumentar su capital (compra de verduras) que comprará de las ferias de El Alto y posteriormente a la elaboración lo comercializará en su puesto de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia
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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