Inocencia C. is one of the oldest members of the Union Costaneras group. At 63 years old, she has operated a textile business for 6 years, selling "aguayos" (a traditional hand-made, brightly-colored fabric). She needs the loan to buy sheep's wool and dyes. Inocencia's fellow members have a range of small businesses selling clothes, umbrellas, hats, socks, blankets, produce, cheese, meat and everyday grocery items. All of them need loans to buy merchandise that they will then resell to their customers.
Inocencia C. es una de las más antiguas integrantes del grupo “Unión Costaneras” ,con 63 años de edad, hace 6 años que administra el negocio de tejido y venta de aguayos (telas coloridas confeccionadas artesanalmente) y necesita el préstamo para la compra de lana de oveja y tintes. Al igual que Inocencia, sus compañeras tienen diferentes negocios pequeños como la venta de ropa, paraguas, sombreros, medias, mantas, verduras, queso, carne y tienda de barrio, todas aseguran que necesitan el préstamo para la compra de mercadería y tener variados productos que ofertarle a sus clientes.
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.