The “Fortaleza” [Fortitude] Communal Bank will begin its eighteenth loan cycle with Pro Mujer, and they are working with the organization’s regional office in Los Andes. The group is comprised of nine members and is headed by a board of directors where Lucia is president. The members of the communal bank are engaged in varied businesses including sales of macramé blankets, lace fabric, knitted sweaters, clothing, guitar cases, “salchipapas” [pan fried sausage and French fries], knitted blankets, vegetables, and knitted “aguayos” [a rectangular piece of patterned cloth, used in traditional South American communities to carry children, goods, etc.] as well as service businesses such as sewing, and transportation.
The loan they are requesting will benefit women, such as Lucia, who own small businesses. She states that she has been a member of Pro Mujer for eight years and joined at the invitation of one of the organization’s promoters that visited her in her home. Currently, she has a sewing workshop. She relates that her husband acquired experience in other workshops and this is how she learned the business.
The loan she is taking out now is for the purpose of increasing capital to purchase fabric that she will acquire wholesale from stores, and subsequently, market in her retail space. This type of work allows her to generate income for her household in the best possible way as she is married and has four children. When she was asked what she likes about Pro Mujer, she responded that she enjoyed the savings.
La A.C. “FORTALEZA” iniciará el décimo octavo ciclo en Pro Mujer, como parte del Centro Focal de Los Andes, está compuesta por nueve integrantes y está dirigida por una mesa directiva donde la señora Lucia es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: macramé de mantas, tejido de mallas, tejido de chompas, venta de ropa, venta de fundas de guitarra, costura, venta de salchipapap, tejido de mantas, transporte, venta de verduras, tejido de awayos.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Lucia es integrante, ella indica que hace ocho años que integra Pro Mujer, ingresando por la invitación de una promotora de la institución que la visito en su casa. En la actualidad ella tiene un negocio de taller de costura; da a conocer que este negocio lo emprendió por la experiencia que adquirió su esposo en otros talleres.
El crédito que ahora sacará es para el aumento de capital (compra tela) que adquirirá de las tiendas, 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 cuatro hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta los ahorros.
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.