The loan will benefit the small business owners, one of which is Otilia. She has been involved in the Pro Mujer program for two loan cycles and joined by invitation from a friend who is a member of the institution. Otilia currently has a hand-knitted sweater business which she started three years ago. She already knew how to knit and urgently needed a way to earn an income.
The loan she is requesting now is to increase her work capital to buy wool which she will acquire at the traditional fairs in the city of El Alto. Then she will make custom orders to sell to customers. This form of working allows her to generate an income for her family. She is married and has two children.
When asked what she likes about Pro Mujer, she says it is the area of credit, health and training offered by the institution.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Otilia es integrante, ella indica que hace dos ciclos que integra Pro Mujer, ingresando por la invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio de tejido a mano de chompas; da a conocer que este negocio lo aprendió hace tres años, ya que sabía la técnica de tejido y la urgencia de conseguir un medio de generación de recursos económicos.
El crédito que ahora sacará es para el aumento de capital (compra de lana) que adquirirá de las ferias tradicionales de la Ciudad de El Alto y posteriormente a la elaboración lo comercializará a solicitud del cliente. Esta forma de trabajo le permite generar recursos para mantener a su familia, ya que ella es casada y tiene dos hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de crédito, salud y capacitación que le ofrece la institución.
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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