The association "Jacha Apachita" has found that the preparation of food goods can be a very lucrative activity that can help them to solve their family's economic problems. They offer a variety of lunches in boarding houses as well as at stands located in markets and streeets in the city of El Alto,Bolivia. They also make roast chicken and hamburgers. The group meets every other week at the meeting place Alto Lima, also located in the city of El Alto. They would like to improve their sales, but to do so need more investment capital to purchase supplies.
La asociación denominada "Jacha Apachita" ha encontrado en la elaboración de alimentos una actividad lucrativa que les permite solventar económicamente a sus familias. Ofrecen variedad de almuerzos en pensiones, también en puestos ubicados en mercados y calles de la ciudad de El Alto, también elaboran pollos broaster y hamburguesas. Este grupo se reúne cada dos semanas en el centro focal Alto Lima ubicado en la ciudad de El Alto, desean mejorar sus ventas por lo que necesitan capital para la compra de insumos.
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.