María del Carmen has been working in one of Pro Mujer’s communal banks for two cycles. At present, her business is making fabric crafts; she’s been doing this for years. The loan she’ll take out now is to increase working capital. She will buy fabric in the city of El Alto and once she completes production will sell it in street markets. This way of working allows her to support her family since she’s single and has a son. When she’s asked what she likes about Pro Mujer she answers that she likes everything.
La señora María del Carmen hace dos ciclos que trabaja en una asociación comunal en Pro Mujer, en la actualidad ella tiene como negocio la elaboración de artesanías en tela, que desarrolla hace años atrás. El crédito que ahora sacará es para el incremento de capital (compra de tela) misma que adquiere de la ciudad de El Alto y posteriormente a la elaboración lo comercializará en las ferias.
Esta forma de trabajo le permite apoyar a su familia, ya que ella es soltera y tiene un hijo.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta todo.
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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