In the city of El Alto, the town center Santiago II is located within a district of the same name. This district was settled by relocated miners about fifteen years ago. Many of these immigrants now work with the Pro-Mujer organization, within which a group of fourteen women formed an association called “Jerusalén.” To date, they have fulfilled repayment for 26 loan cycles. They have various lines of business: sale of used clothing, fabric for making blankets, Barrio shops, shoe sales, meat shops, food preparation and sales, library, and tailoring, among others. The Jerusalén association needs additional capital for its businesses, and requests a loan to purchase merchandise, thereby increasing business security with higher earnings.
En la ciudad de El Alto se encuentra el centro focal Santiago II, ubicado en la zona del mismo nombre. Esta zona se caracteriza por ser asentada hace quince años aproximadamente por mineros relocalizados, muchos de estos emigrantes ahora trabajan junto a Pro-Mujer, formaron la asociación “Jerusalén” integrada por catorce socias, cumpliendo a la fecha 26 ciclos de crédito. Ellas tienen diferentes negocios como ser; venta de ropa usada, tejido de mantas, tiendas de Barrio, venta de zapatos, carnicerías, venta y elaboración de comida, librería, sastrería y otros. La asociación Jerusalén afirma que necesita inyectar capital a sus negocios, para esto solicitan créditos para la compra de mercadería, tienen la seguridad de obtener mayores ganancias.
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.