Flor De Mariscal Group
The group is involved in a number of different business activities. Some members sell blankets, some own storefronts in the neighborhood, but most of them sell food as the mainstay of their businesses. These include preparing and selling bread, potatoes, vegetables, and fruit. The "Flor de Mariscal” Association claims they need to generate better earnings because their current incomes are not enough to support their families. For this reason, they need a loan to purchase supplies in large quantities (bags of rice, seasonal fruits, flour, and other items depending on the type of business).
Varias son las actividades que realiza este grupo algunas se dedican a la venta de mantas, otras tienen tiendas de barrio, pero la mayoría del grupo tiene a los alimentos como base principal de sus negocios, es decir; elaboran y venden comida, venden pan, papa, verduras y frutas. La asociación Flor de Mariscal afirma que necesitan generar mayores ingresos, ya que lo que obtienen no les alcanza para mantener económicamente a sus familias, para esto necesitan de créditos para comprar insumos en mayor cantidad.(arroz por Quintal, frutas de la temporada, harina y otros dependiendo el caso)
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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