Flor De Coca Group

The group called 'Flor de Coca' is made up of 12 associates, the majority of whom are settle in the delightful zone of the city of El Alto, is represented by señor Faustino. The group is mainly made up of associates who sell cds, meat, wool, groceries in neighbour supermarkets, shoes, and who do work as shop assistants. The associates have a highly competitive market but this doesn't worry them as they now count on great economic support to move forward, as they have demonstrated in their previous cycles, apart from that they require the current finance to extend their small businesses and allow them to offer a better quality of life to their families.

Translated from Spanish by Jane McCrory, Kiva Volunteer

El grupo denominado “Flor de Coca” esta conformado por doce socias que en su mayoría radican en la zona las delicias por la ciudad de El Alto, se encuentran representados por el señor Faustino. El grupo esta conformado en su mayoría por socias que se dedican a la venta de Cd´s, carne, lana, abarrotes en tiendas de barrio, zapatos y realizan trabajos como dependientes. Las socias tienen un mercado altamente competitivo pero no les preocupa ya que cuentan con un gran apoyo económico para salir adelante como lo han demostrado en sus anteriores ciclos, a pesar de ello requieren el financiamiento actual para agrandar sus pequeños negocios y brindarles una mejor calida de vida a su 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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