Sajama 1 Group
The board members of this group are strong and responsible leaders who make sure that their members come to meetings on time, make all of their payments, and work well together.
The majority of the members in this group work in the clothing sector; they sew and knit shawls and jackets from sheep and llama wool, and they buy and sell commercial clothing. Other members sell bread, cake, cheese, chicken, vegetables, and gift items.
They need a loan to buy more materials like cloth, wool and yarn to make clothing, and also to buy more commercial products to sell at their stands. With more inventory, it will be much easier for these women to attract clients, and the higher profits will enable them to make their lives better.
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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Success!! The loan was 100% repaid