The businesses that the members of the communal bank carry on are varied, and include: weaving vicuña shawls, knitting sweaters, selling meat, selling vegetables, selling sweaters, and selling baby clothing.
The loan they will take will benefit small business owners such as Nelly. She says this is her first loan cycle as a member of Pro Mujer. She joined at the invitation of a field advisor of the institution, who came to visit her at her home. Currently she has a business selling vegetables. She says that this business was her mother's 64 years ago, and she continues to run it as a livelihood.
The loan she will now take out is for increasing her working capital through buying vegetables, which she will acquire from the wholesale merchants and later sell at her stall. This form of work allows her to generate financial resources for her family, as she is single and has a son.
When asked what she likes about Pro Mujer, she answers that she likes the health education.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Nelly es integrante, ella indica que es el primer ciclo que integra Pro Mujer, ingresando por invitación de una asesora de la institución que le fue a visitar a su casa. En la actualidad ella tiene un negocio de venta de verduras, cuenta que este negocio fue de su madre hace sesenta y cuatro años atrás y ella lo sigue manejando como fuente de economía.
El crédito que ahora sacará es para el aumento de capital (compra de verduras) que adquirirá de las negociantes al por mayor y posteriormente lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos económicos para su familia, ya que ella es soltera y tiene un hijo.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones del 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.
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