Nueva Semilla Group
The communal bank members’ businesses are varied and include clothing sales, sugarcane juice sales, room rental, knit sweater sales and knit blanket sales.
This loan will benefit small businesses in different fields, including Elizabeth’s business. She became a member of Pro Mujer five years ago, when a friend invited her to join. She sells sugarcane juice (traditional Bolivian beverage), and she tell us that she learned about the business during her constant travelling to Cochabamba with her husband.
The loan she is requesting is to increase her capital to buy sugarcane from las quintas (place where it is sold) and then afterwards she’ll sell it in her sales kiosk. This kind of work helps her generate income to support her household. She is married with three children.
When she is asked what she likes about Pro Mujer, she responds that she likes the loan part, as it helps a lot.
El crédito que sacaran beneficiara a pequeñas microempresarias con distintos rubros, donde la señora Elizabeth es parte integrante, ella indica que hace cinco años y medio que integra Pro Mujer, ingresando por invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio de venta de guarapo (bebida tradicional de Bolivia), cuenta que este negocio lo aprendió en los constantes viajes a Cochabamba en la compañía de su esposo.
El crédito que ahora sacará es para el aumento de capital (compra de guarapo) que adquirirá de las quintas (espacio de comercialización de esta bebida) y posteriormente lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su hogar pues ella es casada y tiene tres hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de crédito ya que le ayuda mucho.
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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