The group called 'Flor D. Coca' is maD. up of 12 associates, the majority of whom are settle in the delightful zone of the city of El Alto, is represented by señor Faustino. The group is mainly maD. up of associates who sell cds, meat, wool, groceries in neighbour supermarkets, shoes, and who do work as shop assistants. The associates have a highly competitive market but this doesn't worry them as they now count on great economic support to move forward, as they have demonstrated in their previous cycles, apart from that they require the current finance to extend their small businesses and allow them to offer a better quality of life to their families.
El grupo denominado “Flor D. Coca” esta conformado por doce socias que en su mayoría radican en la zona las delicias por la ciudad D. El Alto, se encuentran representados por el señor Faustino. El grupo esta conformado en su mayoría por socias que se dedican a la venta D. Cd´s, carne, lana, abarrotes en tiendas D. barrio, zapatos y realizan trabajos como dependientes. Las socias tienen un mercado altamente competitivo pero no les preocupa ya que cuentan con un gran apoyo económico para salir adelante como lo han demostrado en sus anteriores ciclos, a pesar D. ello requieren el financiamiento actual para agrandar sus pequeños negocios y brindarles una mejor calida D. vida a su familias.
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.