The “Bartolinas” Communal Association is located at the “Juan Pablo” Focal Center. The group started up recently with 10 members because of the necessity to increase their working capital. All of the members of the group have different businesses. Some make shawls, others have neighborhood stores, and others sell coffee, toys, and stationary supplies. They need the loan to strengthen their businesses by buying materials (wool, yarn) and merchandise (sweets, toy cars, paper). They all really like the fact that, apart from obtaining credit, they can bring their children to group meetings and receive training about how to manage their businesses.
En el Centro Focal “Juan Pablo” se encuentra la Asociación Comunal “Bartolinas” que recientemente se conformo con 10 integrantes, por la necesidad de incrementar su capital de trabajo, todas las integrantes del grupo cuentan con diversos negocios, algunas se dedican al tejido de mantas, otras tienen tiendas de barrio, y otras venden café, juguetes, material de escritorio. Ellas necesitan el préstamo para fortalecer sus negocios comprando materia prima (lana, cordel) y mercadería (dulces, carritos, hojas).
A ellas les agrada mucho que a parte del crédito puedan traer a sus hijos al consultorio y recibir orientación en el manejo de sus negocios.
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.