The loan will benefit small businesses in which Celia is a part of. It is her fifth year in Pro Mujer. She joined through the invite to a massive promotion by the institution in the area. Today she has a business selling food. She learned the business from her mother years ago.
Current loan is for the capital to buy rice, noodles, and oil from the wholesale in the city of El Alto. She will arrange and sell in her stall. This enables her to generate resources to support her family financially, since she is married and has four children.
She likes Pro Mujer for its training and health support offered by the institution.
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.