10 De Febrero Group

This group is very prompt in their payments. It was formed by ladies that live in the same neighborhood that have known each other for many years. Their group is called "the 10th of FEBRUARY". They are in their 6th loan cycle with the Bank of Undertaking. The group is organized in the following way: The president is the associate Lidia Choque Alegria, who directs the group. She has 5 children. She works selling refreshments and Sundays she sells chicharron (fried pork rind). She uses the loan to buy sugar and other supplies for her sales. Her husband is a bricklayer. The treasurer is the associate Julia Bisia de Atahuichi who is one of the founders of the group. She is very responsible with the management of money. She has a cottage where she sells all kinds of medicinal herbs (chifleria). The loan is to grow her merchandise. And as the secretary of the group, the associate Maxima Martinez Canaviri is dedicated to the sale of gifts and cosmetics. She has 6 children, but she only provides support for 3 of the children. She is a single woman.

Translated from Spanish by Barbara (B) Brown, Kiva Volunteer

Es un grupo muy cumplido en sus pagos, esta formado por señoras que viven en un mismo Barrio y se conocen de muchos años. Su grupo se llama "10 de FEBRERO", donde el Banco de Emprendimiento esta en su 6 º ciclo y esta organizado de la siguiente manera: como presidenta esta la socia Lidia Choque Alegria, quien dirige al grupo, ella tiene 5 hijos,trabaja vendiendo refrescos y los domingos vende chicharron, utiliza el credito para comprar azucar y otros viveres para su venta, el esposo es albañil.
La tesorera es la socia Julia Bisia de Atahuichi quien es una de las fundadoras del grupo, es muy responsable con el manejo del dinero, tiene su caseta donde vende todo de chifleria (hierbas medicinales), el credito es para aumentar su mercaderia. Y como secretaria del grupo esta la socia Maxima Martinez Canaviri, ella se dedica a la venta de regalos y cosmeticos, tiene 6 hijos, pero ella solo mantiene a 3 hijos, es mujer sola.














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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