The “Kory Jaulitas” Communal Association, which means “Jaula de Oro (Cage of Gold)”, is a group of very united and happy women who have been meeting for approximately five years at the “German Busch” Center. The majority of the members communicate in the Aymará language (their native language), and the majority are in the business of knitting different garments, both by hand and machine. One of them is Reyna L. whose specialty is to knit baby clothes and in this season of cold weather she has a lot of demand. All of the members of Kory Jaulita indicate that the loans that they are receiving will allow them to have a better financial situation and they will be able to purchase premium material such as wool.
La Asociación Comunal “ Kory Jaulitas” que significa “Jaula de Oro” es un grupo de señoras muy unidas y alegres, con aproximadamente 5 años de vida se encuentra en el Centro Focal “German Busch”, sus integrantes en su mayoría se comunican con el idioma aymará (idioma nativo), así también, la mayoría se dedica al tejido de diferentes prendas, puede ser a mano o a máquina, una de ellas es Reyna L. su especialidad es tejer ropa de bebe y en esta época de frío tiene mucha demanda. Todas las integrantes de Kory Jaulita manifiestan que el crédito que están obteniendo les permitirá tener mayor movimiento económico y podrán comprar materia prima como la lana.
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.