The cooperative association “Always Happy” belongs to the town center of Los Andes. They joined together recently due to the need to access credit that would permit them to improve their businesses. The members have different businesses such as the sale of t-shirts, elastic bands, buttons, detergent, and others dedicate themselves to knitting sweaters and purses. They all need a loan to increase their merchandise, or to buy raw materials such as yarn and rattail cord (thick string). The ladies in this group are characterized by being kind, friendly and happy.
La Asociación Comunal “Siempre Alegres” pertenece al Centro Focal “Los Andes”, se agruparon recientemente por la necesidad de acceder a un crédito que les permita mejorar sus negocios. Las integrantes tienen diferentes negocios como la venta poleras, ligas, botones, detergente, otras se dedican al tejido de chompas y cartera. Todas necesitan el préstamo para incrementar su mercadería o la compra de materia prima como la lana y cola de rata (cordel grueso). Además este grupo se caracteriza por ser señoras amables, simpáticas y alegres.
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.