Some of the "Jardín de Rosas" (Rose Garden) Association's businesses include making hand-sewn clothing, hand-knit sweaters, and hand-woven macramé handbags and blankets. The group currently consists of 14 members and works in the Los Andes Focal Center in the city of El Alto. They want to expand their sales so they need raw materials. They are confident that their sales will grow and generate greater income.
La costura de ropa, tejido de chompas a mano, el tejido de bolsos y mantas en macramé, son algunos de los negocios de la asociación “Jardín de Rosas” Este grupo trabaja en el centro focal Los Andes, ubicado en la ciudad de El Alto, a la fecha esta formado por catorce miembros. Ahora ellas quieren ampliar sus ventas por lo que necesitan materia prima, tienen la seguridad que sus ventas serán mayores y de este modo generaran mayores recursos.
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.