Frida C. sells cosmetics at the 16 de Julio market and has had her own booth for ten years. She needs the loan to buy merchandise. Frida is a member of the Nuevo Encuentro Communal Association which is a part of the Alto Lima Focal Center. The other members also have their own businesses such as sewing jackets and skirts, knitting sweaters, and selling vegetables and automotive spare parts. They need the loan to buy raw materials (cloth, thread) and merchandise (vegetables and spare parts). This group is notable for being close and happy. Also, they like to learn and to take their kids to work with them.
Frida C. vende cosméticos en la feria “16 de Julio” en su puesto propio hace 10 años, ella necesita el préstamo para comprar mercadería. Frida es integrante de la Asociación Comunal “Nuevo Encuentro” que a su vez pertenece al Centro Focal “Alto Lima”. Las demás integrantes también tienen sus propios negocios como la costura de chamarras, faldas, tejido de chompas y venta de verduras, repuestos de auto. Y necesitan el préstamo para la compra de materia prima (tela, hilo) y mercadería (verduras y repuestos).
Este grupo se caracteriza por ser unidas y alegres, además les gusta aprender y llevar a sus hijos al consultorio.
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.