The businesses carried out by the members of the communal bank are varied; among them are: selling athletic equipment, sewing jackets, selling fruit, buying and selling lambs, weaving blankets, a neighborhood store, making traditional blankets, and selling ropes.
The loan that they are taking out will benefit owners of small businesses like Manuela. She says that she joined Pro Mujer four years ago at the invitation of a promoter from the organization who came to visit her at her house.
Currently, she has a neighborhood store. She started this business some years ago after observing her neighbors’ and her own needs and the lack of a nearby place to make purchases.
The loan that she will take out now is to increase her capital (purchase oil, canned goods, and sugar) that she will obtain from wholesale stores in the city of El Alto. Later, she will sell them in her sales stall. This kind of work allows her to generate income in order to maintain her home as much as possible, as she is married and has two children.
When asked what she likes about Pro Mujer, she says that she enjoys the education on health and loans.
El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Manuela es integrante, ella indica que hace cuatro años que integra Pro Mujer, ingresando por invitación de una promotora de la institución que fue a visitarle a su casa. En la actualidad ella tiene un negocio de tienda de barrio; este negocio lo emprendió hace varios años atrás al observar la necesidad de sus vecinos y de ella misma de no contar con un lugar de compras cercano.
El crédito que ahora sacará es para el aumento de capital (compra de aceite, enlatados y azúcar) que adquirirá de las tiendas mayoristas de la ciudad de El Alto 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 dos hijos.
Cuando se le consulta qué le gusta de Pro Mujer, ella responde 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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