Isabel M. Q. belongs to the “Hormiguitas” [“Little Ants”] group from the center “German Busch”. Her business in the sale of condiments (sazonadores) at different markets in the city of El Alto. She needs this loan to acquire more merchandise, that is to say, to purchase garlic, cumin, and pepper. Like Isabel, the rest of the group members have their own businesses such as the sale of clothing, food, cosmetics, and chocolates, while others dedicate themselves to sowing blankets, jackets, and pillowcases. The group members that sell products need the loan to purchase merchandise, and those that produce need the loan to purchase basic materials (fabric, thread, and lining).
Isabel M. Q. pertenece al grupo “Hormiguitas” del Centro Focal “German Busch”, tiene el negocio de venta de condimentos (sazonadores) en diferentes ferias de la ciudad de El Alto, ella necesita el préstamo para adquirir mayor mercadería, es decir, comprar ajo, comino y pimienta. Al igual que Isabel las demás integrantes del grupo cuentan con sus propios negocios como la venta de ropa, alimento, cosméticos, chocolates y otras se dedican a la costura de mantas, chamarras y fundas. Las que se dedican a la comercialización de productos necesitan el préstamo para la compra de mercadería y las que producen para la compra de materia prima (tela, hilo y forro).
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.