Antonio Paredez Candia Group
The loan will benefit various small microbusinesses where Magdalena is a member. She indicates that she has been a member of Pro Mujer for a year and a half, joining by invitation of a friend who is a member of the institution. She currently has a business sewing and selling blankets, a trade she has worked in for years having learnt from her mother-in-law.
The loan that she is now taking out is to raise her capital (to buy wool) that she will get from wholesalers and later she will make and sell them in her sales location.
This type of work allows her to generate an income to support her family as she lives with a partner and has three children.
When she asked what she likes about Pro Mujer, she responds that she likes the training in finance and health.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Magdalena es integrante, ella indica que hace un año y medio que integra Pro Mujer, ingresando por invitación de su comadre que es socia de la institución. En la actualidad ella tiene un negocio de tejido y venta de mantas que trabaja hace años atrás, aprendiendo esta actividades de su suegra.
El crédito que ahora sacará es para el aumento de capital (compra de lana) que adquirirá de las vendedoras por mayor y posteriormente a la elaboración lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible 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 gusta la capacitación en crédito y salud.
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