“Las Sembradoras” is a group of ladies who gathered recently to access a loan. They all have different businesses selling vegetables, furniture, clothing, gelatin and other products. Others sew or weave sweaters, skirts, and blankets. Another member sells wood carvings. Their loan will be used to purchase merchandise (baby clothes, tables, and gelatin) and raw materials (wood, yarn, and fabric). Their president is Silvia M. and she hopes that the group will grow and accumulate sufficient savings.
“Las Sembradoras” es un grupo de señoras que se agruparon recientemente para poder acceder a un crédito ya que todas tienen diferentes negocios como la venta de verduras, muebles, ropa, gelatina y otras se dedican a negocios de producción como la costura/tejido de chompas, faldas, mantas, tallado en madera y necesitan el préstamo para la compra de mercadería (ropa de bebe, mesas, gelatina) y materia prima (madera, hilo y tela). Su Presidenta es Silvia M. y espera que el grupo crezca y poder lograr ahorros suficientes.
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.