17 De Octubre Group
Sra. Silvia, the president of the community association, says that the group was formed five loan cycles previously, about two years ago.
Sra. Julia has sold clothing for ten years. The loan money she is seeking for this cycle will be used to buy more clothing which she buys in the markets of La Paz and then sells on her stall. Her job enables her to support her family; she is married and has four children. She says she most enjoys the training programs which she takes with her fellow members.
La señora Silvia, presidenta de la asociación comunal, indica que forma parte de la
A.C. “17 de Octubre” hace cinco ciclos, aproximadamente dos años. La señora Julia tiene como negocio la venta de ropa, desarrollando el mismo desde hace 10 años atrás. .
El crédito de este ciclo es para aumentar su capital (compra de ropa) que adquirirá de las ferias paceñas y posteriormente lo comercializará en su puesto de venta. Esta forma de trabajo le ayuda a apoyar a su familia pues ella es casada y tiene cuatro hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gustó la capacitación con sus compañeras.
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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