Margarita Madani sells rice. She is a member of the Villa Dolores group. She has been married for 19 years, and she has a son. She learned the business that she currently has eight years ago. She learned by helping her siblings. Two years ago she started on her own. She buys her merchandise from different places like Santa C., Caranavi, and Perú. She loads all of her merchandise in a vehicle. She sells her product by traveling from zone to zone in the city of El Alto. She now needs a loan to buy merchandise. She hopes to be in the group for a long time and even get a larger loan.
Just like Margarita, the other members have different businesses like selling juice, clothes, footwear, ceramics, meat, and rice. They need a loan to buy merchandise.
Margarita M., tiene el negocio de venta de arroz, es una integrante del grupo “Villa Dolores” tiene 19 años casada con un hijo, aprendió del negocio que actualmente maneja hace 8 años, ayudando a sus hermanos, pero hace 2 años se ha independizado, compra su mercadería de diferentes lugares como es de Santa C., Caranavi y Perú, carga toda su mercadería en una movilidad y va ofreciendo su producto zona por zona en la ciudad de El Alto, es decir, ambulando y ahora necesita el préstamo para comprar mercadería y espera estar mucho tiempo en el grupo hasta obtener un crédito alto. Al igual que Margarita sus demás compañeras tienen diferentes negocios como la venta de jugos, ropa, calzados, cerámica, carne, arroz y requieren el préstamo para la compra de mercadería.
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.