The loan will be used to benefit the micro-companies in the group of the Untouchables Communal Bank which has been in existence for a year. This is Josefa's first time in this group, after receiving the invitation from a friend who is a member of the group which is in its second cycle. At present Josefa has a business selling natural medicines. It is a family business that has been running for many years. At present she runs this business with her common-law husband.
This loan is to increase capital (to buy natural medicines) which she will purchase wholesale in the Santa Cruz region. Then she will sell the natural medicines by travelling around the markets in El Alto city. This type of work enables her to earn money to support her family financially as she lives in a common-law marriage and has three children.
When asked what she likes about Pro Mujer, she replied that she likes that the group members honour the repayments.
El crédito que sacaran beneficiara a pequeñas microempresarias de la Banca Comunal Intocables que en la actualidad tiene un año de vida. La señora Josefa participa por primera véz en este grupo, pues las integrantes la invitaron a participar del grupo en su segunda face. En la actualidad ella tiene un negocio de venta de medicina natural que es un negocio familiar desde hace años y que en la actualidad lo comercializa conjuntamente su concubino.
El crédito que ahora sacará es para el aumento de capital (compra de medicina natural) que adquirirá del departamento de Santa Cruz por mayor posteriormente lo comercializará de forma ambulante en las ferias de la Ciudad de El Alto. Esta forma de trabajo le permite generar recursos para apoyarse económicamente 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 que sus compañeras de grupo son muy cumplidas con los pagos.
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