Flor De Eucalipto Group
The members are involved in different businesses like clothing sales, production of straw mattresses, soft drink sales, production and sales of cakes with api (corn porridge), handmade fabrics of alpaca wool, and other retail shops. Many of them sell their products at the “16 de Julio” (July 16th) market located in the city of El Alto.
They all wish to increase their production and sales. For this reason, they need to buy additional merchandise and raw materials (such as straw, alpaca fiber, winter clothing, flour, etc.).
Existen diferentes negocios dentro el grupo, tales como: venta de ropa, producción de colchones y payasas (colchones de paja), venta de refrescos naturales, elaboración y venta de api con pasteles (api = mazamorra de maíz), tejidos artesanales en lana de alpaca, también tienen tiendas de consumo. La mayoría de ellas ofrecen sus productos en puestos de la feria 16 de julio ubicado en la ciudad de El alto,
Desean aumentar su producción y ventas para esto necesitan comprar mercadería y materia prima (compra de paja, fibra de alpaca, ropa par invierno, harina y otros)
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.
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