With the help of their family, these group members own different types of businesses, such as furniture manufacturing and sales, food sales, fruits and vegetables, sweaters, and general stores. The Alborada association members state that they would like to boost sales, but in order to do so, they need to reinforce their capital by purchasing more merchandise. They are sure that they will be able to generate more profits for the good of their families.
Con la ayuda de sus familias se dedican a diversas actividades, por ejemplo: Elaboración y venta de muebles, elaboración de comida, venta de verduras, chompas, frutas, otras tienen tiendas de consumo. La asociación Alborada afirma que desean ampliar sus ventas, para esto necesitan reforzar su capital comprando mayor mercadería, tienen la seguridad que podrán generar mayores ganancias para el bien de sus familias.
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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