They have different businesses in the association such as: selling groceries, macramé, sewing, a pastry shop, a blacksmith’s shop, and selling dehydrated potatoes. The Chascañawi association needs loans to buy more products.
Existen diferentes negocios dentro la asociación, por ejemplo; venta de verduras, tejidos en macramé, Costura, Repostería, Herrería, venta de chuño y tunta (papas deshidratadas). La asociación Chascañawi precisa créditos para comprar mayor cantidad de productos.
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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