18 De Mayo Group
Paulina tells us that this is the first time a communal bank has collaborated with the organization Pro Mujer, whose director invited them to join. Currently, Paulina has a business selling traditional Bolivian ponchos. She has been doing this for a number of years and learned this trade from her mother.
The loan she is currently seeking is for working capital so that she can buy chamarras in the traditional markets of La Paz. She will then sell these in the province of Cochabamba. This form of work will help her to improve her family's situation, as she is single and has a child.
When we asked her what she liked about Pro Mujer, she responded that she likes the classes that they offer in health and finances.
La señora Palina cuenta que es la primera vez que integra una Banca Comunal dentro de Pro Mujer y que para esto fue invitada por el Jefe de Centro; en la actualidad ella tiene un negocio de venta de chamarras, mismo que trabaja hace varios años aprendiendo el mismo de su madre.
El crédito que ahora sacará es para aumentar su capital (compra de chamarras) los que comprarán de las ferias tradicionales de La Paz y posteriormente lo venderá en el departamento de Cochabamba. Esta forma de trabajo apoya a salir adelante a su familia pues ella es sotera y tiene un hijo.
Cuando le consultamos que le gusta de Pro Mujer, ella nos respondió que le gusta las capacitaciones en 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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