Khana Naira Group

The communal bank "Khana Naira" will begin its fourth cycle in Pro Mujer, which, as part of the Los Andes regional hub, is made up of eight members. It is directed by a board of directors, of which Dora is the president. The businesses that the communal bank supports are varied; among them are a carpentry workshop, filming services, jacket-making, blanket-making, refreshment sales, detergent sales, and a neighborhood store.

The loan they will take out will benefit small micro-entrepreneurs such as Dora. She says that two years ago, she joined Pro Mujer on the invitation of one of the institution's promoters who had come to her house to visit her. Currently, she has a filming services business. She says that she launched this business years ago with her husband, who was already working in the field. After that, she participated, too, and they expanded the business.

The loan that she will now take out is to upgrade equipment by purchasing a movie camera that she will acquire from the distributor and later set up in their workspace. This way of working allows her to generate resources to support her family as much as possible, since she is married and has three children.

When asked what she likes about Pro Mujer, she responds that she likes saving money.

Additional Information

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.