The businesses that the members of the communal bank have are varied and include: selling potatoes, chuño [artisanal freeze-dried potato], and freeze-dried potatoes; coffee production; sewing and sale of skirts; knitting and sale of sweaters; start-up businesses.
The loan that they will take out will benefit small micro-businesswomen, of whom Hilaria is one. She says that she joined Pro Mujer seven years ago, at the invitation of a friend who is a member of the institution. She currently has a business selling potatoes, chuño, and freeze-dried potatoes (the former two are dehydrated potatoes) and knitting sweaters. She recounts that she learned these businesses when she used to sell with her grandmother, many years ago.
The loan that she will take out now is to increase capital (purchase of potato, chuño, and freeze-dried potatoes) that she will acquire wholesale from the markets in the city of El Alto, and later sell in her stall. This form of work allows her to generate resources to maintain her home as much as possible, as she is married and has three children.
When she is asked what she likes about Pro Mujer, she responds that she likes the training in the area of health and credit.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Hilaria es integrante, ella indica que hace siete años que integra Pro Mujer, ingresando por invitación de su amiga que es socia de la institución. En la actualidad ella tiene un negocio de venta papa,, chuño y tunta (ambas anteriores son papa deshidratada) y tejido de chompas; cuenta que estos negocios los aprendió cuando vendía con su abuela, hace varios años.
El crédito que ahora sacará es para el aumento de capital (compra de papa, chuño y tunta) que adquirirá de los mercados de la Ciudad de El Alto por mayor y posteriormente lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para mantener 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 las capacitaciones del área de salud y crédito.
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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