The group “Urkupiña” is represented by Carmela, and composed of 15 members who are together in their fifth cycle, demonstrating punctuality, respect, and the desire to move ahead. In general, the members are engaged in different activities, among them the selling of food, beer, school materials, and groceries, and in the services of a hair salon, carpentry, and public transport. The fate of the financing is to increase their work capital to buy materials, raw ingredients, and tools to improve their jobs, making them more competitive in the market, and to generate income to give their families a better quality of life.
El grupo “Urkupiña” esta representado por la señora Carmela y conformado por 15 miembros que van cursando juntos su quinto ciclo demostrando siempre puntualidad, respeto y ganas D. salir adelante. En general las socias se dedican a diferentes actividades entre ellas la venta D. productos como comida, cerveza, material escolar, abarrotes y al servicio D. peluquería, carpintería y transporte público D. pasajeros. El destino del financiamiento es para el incremento D. su capital D. trabajo y para la compra D. materiales, insumos y herramientas para mejorar sus trabajos haciéndose mas competitivos en el mercado y generando mayores ingresos para dar a sus familias una mejor calida D. vida.
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.