Mujeres Emprendedoras Group
Olga indicates that she’s been part of a communal bank since the previous cycle. She currently has a business selling quinoa and apple juice that she’s had for years having learned it from her mother. The loan this cycle is to increase capital. She will buy foodstuffs in street markets in La Paz and later on will sell them every morning in an itinerant manner. This way of working allows her to support her family since she has a spouse and three children.
When asked what she likes about Pro Mujer, she answers that she likes the credit department.
La señora Olga, indica que forma parte de una asociación comunal desde el anterior ciclo. En la actualidad ella cuenta con un negocio de venta jugos de quinua y manzana, que viene trabajando hace años, aprendiendo el mismo al ayudar a su mamá. El crédito de este ciclo es para aumentar su capital (compra de víveres) que adquirirá de las ferias paceñas y posteriormente lo comercializará todas las mañanas de forma ambulante. Esta forma de trabajo le permite apoyar a su familia pues ella vive en concubinato y tiene tres hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gustó el área de crédito.
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