The group members are involved in a variety of businesses, including growing and selling carrots and other vegetables, dairy farming, and buying and selling livestock.
This loan will benefit these small micro-businesses, including that of Lorenza. She reports that this is the first time the group is working with Pro Mujer. She was invited by a member of Pro Mujer who went to her house to visit her. Currently she has a milk production business. She has been doing this work for six years, along with her husband. They started the business together.
She will use her portion of the loan funds for working capital to purchase livestock. She will buy the livestock in a nearby community and will then raise the animals. This work will allow her to generate income to support her family as much as possible. She is married and has four children.
When she was asked what she liked about Pro Mujer, she said that she likes the ease with which a loan can be obtained.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Lorenza es una integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de una promotora de la institución que fue a su casa a visitarla. En la actualidad ella tiene un negocio de producción de leche; cuenta que desde hace seis años que trabaja en esta actividad, conjuntamente su esposo, ya que ambos iniciaron este emprendimiento.
El crédito que ahora sacará es para incremento ampliación de capital (compra de ganado) mismo que comprará de una comunidad aledaña, posteriormente lo criará. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene cuatro hijos.
Cuando se le consulta que le gusta de Pro Mujer, ella responde que le gusta el crédito ágil.
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