The “Flor de Canela” (The Cinnamon Flower) communal bank will begin it tenth cycle with Pro Mujer as part of the Germán Busch regional office. It is comprised of eight members and is run by a board of directors, which is headed by Ayda. The businesses that the members of the communal bank carry out are varied and include buying American clothes, making (sewing) jackets, a store, macramé weavings, selling blankets, knitting, and making (sewing) quilts.
Ayda says that she has been part of a communal bank for seven years. She joined by invitation from a friend. She currently has a business selling clothes. She has been working in this business for years, and she works together with her husband.
Her loan for this cycle is to increase her merchandise (buy clothes). She will get them in the city of Oruro, and after she works on them she will sell them in the cities of Cochabamba and Santa Cruz. This way of working allows her to support her family. She is married and has eight children. When asked what she likes about Pro Mujer she said that she likes the loan.
Beatriz is not in the photo because she had to go to a medical appointment.
La A.C. “FLOR DE CANELA” iniciará el decimo séptimo ciclo en Pro Mujer, como parte del Centro Focal de Germán Busch. Está compuesta por ocho integrantes y cuentan con una mesa directiva a la cabeza de la misma se encuentra la señora Ayda. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: compra de ropa americana, costura de chamarras, tienda, tejido de macramé, venta de mantas, tejidos, costura de edredones.
La señora Ayda, indica que forma parte de una asociación comunal desde hace siete años, ingresando por invitación de una amiga. En la actualidad ella cuenta con un negocio de venta de ropa, que viene trabajando hace años, conjuntamente su esposo. El crédito de este ciclo es para ampliación de su mercadería (compra de ropa) mismos que adquirirá de la Ciudad de Oruro y posteriormente a la elaboración lo comercializará en las ciudades de Cochabamba y Santa Cruz. Esta forma de trabajo le permite apoyar a su familia pues ella es casada y tiene ocho hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el préstamo.
En la fotografía no se encuentra la señora Beatriz, ya que tuvo que ir a visita médica.
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.