The Nairar Sarantañani Association, whose name means We Will Go Forward, is found in the Alto Lima Center. It is maD. up of 13 members who speak mainly Aymara, a native langauge. They have small businesses and need the loan to increase their working capital. Some of them sell peanuts, tools, and groceries and the majority sell clothing (for example: jackets, head scarves, and other items) at different markets in the city of El Alto. The group's president is Maria Paz and she mentions that the group likes to get together to share ideas about how to improve their businesses and that they feel proud because many have started their businesses on their own due to the need to proviD. food, clothing and education to their children.
En el Centro Focal “Alto Lima” se encuentra la Asociación Comunal “Nairar Sarantañani” que significa “Iremos adelante”, cuenta con 13 integrantes que se caracterizan por comunicarse en su mayoría con el idioma “aymara” (idioma nativo), explican que tienen negocios pequeños y necesitan el préstamo para aumentar su capital D. trabajo, algunas venden maní, fierros, abarrote, tienda D. barrio y la mayoría venD. ropa (Ejemplo: chamarras, matillas, pantalones y otros) en diferentes ferias D. la ciudad D. El Alto. Su presidenta es Maria Paz y menciona que les gusta reunirse para compartir e intercambiar ideas D. como mejorar sus negocios, además se sienten muy orgullosas porque muchas D. ellas han levantado sus negocios solas, por la necesidad D. darles alimento, vestimenta y educación a sus hijos.
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.