Florecer Group

In El Alto city in the center of the Andes mountains, is the association “Florecer” (to blossom), which has 12 members anxious to success in their small businesses.

Most of the group members are married and indicate that they need to help their husbands with the household expenses. The average number of children per member is 4. Such is the case of Lupe, who sadly separated from her husband and had to take charge of her family alone so she needs more resources to support her family’s daily needs. The primary activity in the association is sales. They sell knitted wool sweaters, food, natural fruit juices, cosmetics, and other season items. They offer their products in the Tiahuanacu market in El Alto city. They need capital to increase their merchandise and in this way generate greater earning for their families.

Translated from Spanish by Cindy Kendall, Kiva Volunteer

En la ciudad de El Alto se encuentra el centro focal de Los Andes a éste pertenece, la asociación “Florecer”, integrada por 12 miembros ansiosos de progresar en sus pequeños negocios.
La mayoría en el grupo estan casados y afirman que necesitan ayudar a sus parejas en la economía del hogar, ya que tienen un promedio de 4 niños , tal es el caso de Lupe, que lamentablemente se separo de su pareja y tubo que hacerse cargo de su familia ella sola por lo que necesita mayores recursos para sustentar los gastos diarios de su familia.
La actividad principal en la asociación es el comercio, venden chompas tejidas en lana, comida, jugos de fruta natural, cosméticos y otros dependiendo de la temporada. Productos que los ofrecen en la feria del mercado Tiahuanacu de la ciudad de El Alto. Ellas precisan capital para incrementar su mercadería de esta manera generar mayores ingresos para 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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