Together with Olga L., thirteen women have been working with Pro-Mujer for approximately six years. They meet every two weeks, in the center of Villa Exaltación, where they carry out their activities in a responsible manner. A diversity of businesses exist within the group, some are seamstresses, other dedicate themselves to knitting and selling sweaters, and they also make bricks to later sell on order.
The association “Nueva Esperanza” (“New Hope”) needs to grow its sales so they can buy raw materials. They are certain of their ability to generate added income, with the final aim of improving their standards of living.
A la cabeza de Olga L. trece mujeres trabajan junto a Pro-Mujer hace seis años aproximadamente, se reúnen quincenalmente, en el centro focal de Villa Exaltación, donde realizan sus actividades de manera responsable. Existen diversos negocios dentro la asociación, algunas son costureras, otras se dedican al tejido y venta de chompas, también elaboran ladrillos para luego venderlos a pedido.
La asociación Nueva Esperanza” necesita ampliar sus ventas por lo que necesitan comprar materia prima, tienen la certeza que generaran mayores ingresos, únicamente con el fin de mejorar su calidad de vida.
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.