Roca Fuerte Group
With the majority of the group members married, they have reported that their income is not sufficient to cover the basic needs in their homes. The group's activities are diverse, from the sale of food in the 16 de Julio market (El Alto) to the production of leisure wear and coats, woven jackets, blankets and other items. The association Roca Fuerte wants to increase their production, for this they need capital to purchase the raw materials. They are certain that with this loan they will make a higher profit.
Casadas en su mayoría, afirman que los ingresos que obtienen no son suficientes para cubrir las necesidades básicas en sus hogares .Diversas son las actividades de este grupo, como ser; venta de comida en la feria 16 de Julio(El Alto), confección de ropa deportiva y chamarras , tejido de chompas , confecciona de mantas y otros. La asociación Roca Fuerte desea ampliar su producción, para esto necesita capital para la compra de materia prima, tienen la seguridad de obtener mayores ganancias.
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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