The “6 de Marzo" communal bank will begin its 1th loan cycle with Pro Mujer, through the Panamericana regional office. It is composed of eight members, and is led by a board of directors, of which Ricarda is the chair. The businesses that the members of the group carry on are varied, and include: sale of bread, jewelry, neighborhood store, sewing jackets and shawls, sale of CDs, boarding house, weaving macramé shawls, and carpentry.
The loan they will take out will benefit small entrepreneurs like Ricarda. She says that she joined Pro Mujer seven years ago at the invitation of a member who is a participant in the institution. Currently she has a business selling potatoes, that she has worked in for some years, and that she launched through her own initiative.
The loan she will take out now is to increase her working capital, by buying potatoes that she will buy from the wholesalers and subsequently sell at her stand. This form of work allows her to generate income for supporting her family as much as she can, as she is single and has five children.
When asked what she likes about Pro Mujer, she answers that she likes the health clinic.
La A.C. “6 DE MARZO” iniciará el decimo primer ciclo en Pro Mujer, como parte del Centro Focal de Panamericana, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Ricarda es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de pan, joyería, tienda de barrio, costura de chamarras y mantas, venta de CD’s, pensión, macramé de mantas, carpintería.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Ricarda es integrante, ella indica que hace siete años que integra Pro Mujer, ingresando por invitación de una socia que es participante en la institución. En la actualidad ella tiene un negocio de venta de papa que trabaja hace años atrás, emprendiendo este negocio por iniciativa propia.
El crédito que ahora sacará es para el aumento de capital (compra de papa) que adquirirá de las vendedoras por mayor posteriormente 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 es soltera y tiene cinco hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de 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.