María Elena tells us that it has been ten years since they formed their communal bank under Pro Mujer, and that she was invited by her brother-in-law. She currently has a sand washing business, which she has worked in for a number of years. Her neighbors have also learned this business.
The loan she is currently seeking is for the purchase of sand. She will purchase the sand through a city agency and later will sell it in another area. The income from this form of work will help her to improve her family's situation, as she is married and has three children. When we asked her what she liked about Pro Mujer, she responded that she likes the savings and the sharing.
La señora María Elena cuenta que hace diez años que integra una Banca Comunal dentro de Pro Mujer y que para esto fue invitada por una su cuñado; en la actualidad ella tiene un negocio de lavado de arena, mismo que trabaja hace varios años aprendiendo el mismo de sus vecinos.
El crédito que ahora sacará es para aumentar su capital (compra de arena) los que comprará de la alcaldía y posteriormente lo venderá en otro municipio. Esta forma de trabajo apoya a salir adelante a su familia pues ella es casada y tiene tres hijos.
Cuando le consultamos que le gusta de Pro Mujer, ella nos respondió que le gusta los ahorros y el compartir.
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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