Sale of garments is the main activity of this group of fifteen women who wish to improve their standard of living. Thanks to Pro-Mujer ("Pro-woman"), they are achieving their aim. Early morning every fortnight, they travel to Iquique (Chile) and Desaguadero (at the border with Peru) to buy clothes at wholesale prices. They are then offered for sale at major markets in La Paz.
They need capital to purchase or rent a more appropriate and permanent retail site from which to sell their goods. This would increase their income and would allow them to save for the future of their families.
Translated from Spanish by MuseAndThinker, Kiva Volunteer
El comercio de ropa es la principal actividad de quince mujeres deseosas de mejorar su estilo de vida, que gracias a Pro-mujer lo están consiguiendo. Muy temprano cada quince días, realizan viajes a Iquique (chile), y al Desaguadero (frontera con Perú), de éstos lugares compran ropa al por mayor para luego comercializarla en los principales mercados de La Paz, Necesitan capital para poder comprar puestos fijos y/o alquilar ambientes más adecuados para ofrecer sus productos de esta manera generar mayores ingresos que les permita ahorrar para el futura de sus familias.
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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