Siempre Alegres Group

The "Siempre Alegres" group is made up of 11 members and is located in the city of El Alto, in the center of Alto Lima. They are a very cheerful group who work responsibly with their loan officer.
The group has different activities; some sell clothing, videos, jewelry, cookies and others have shops in the neighborhood.
They are requesting more loans so that they can increase their sales. To do this they need to buy products wholesale and this way their earnings will be greater, with the goal of improving their families´ standard of living.

Translated from Spanish by Molly Puglisi, Kiva Volunteer

En la ciudad de El alto se encuentra ubicado el centro focal de Alto Lima, a este pertenece la asociación “Siempre Alegres”, formada por once miembros.
Un grupo muy alegre que junto a su asistente de créditos, trabajan con mucha responsabilidad.
Diferentes son las actividades de este grupo; algunas de ellas se dedican a la venta de ropa, videos, joyas, galletas, otras tienes tiendas de barrio.
Solicitan mayores créditos con el fin de ampliar sus ventas, para esto necesitan comprar productos al por mayor, de este modo sus ganancias serán mayores, con el único de objetivo de mejorar el estilo de vida de sus familias.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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