The communal organization "Nueva Luna" is part of the organization Villa Exaltacion:it is made up of thirteen members who have demonstrated responsibility in their 5 years of working together in Pro-Mujer. One of the longest members is Marleny U., who started the group with the help of her neighbors and friends. There is a variety of businesses in this group. For example, Shirley has a small beauty salon, Modesta peddles potatoes at fairs and markets. Aida has a grocery store. The members of Nueva Luna state that they need to purchase merchandise for better earnings.
La asociación comunal “Nueva Luna” es parte del centro focal Villa Exaltación, está formado por trece integrantes, demostrando responsabilidad en sus cinco años de trabajo junto a Pro-Mujer. Una de las socias más antiguas es Marleny U., quien formo el grupo con la ayuda de sus vecinas y amigas. Diversos son los negocios de este grupo, por ejemplo, Shirley tiene un pequeño salón de peinados, Modesta vende papa en ferias y mercados de forma ambulante, Aída tiene una tienda de abarrotes. Las socias de Nueva Luna afirman que necesitan comprar mercadería para obtener mejores ingresos.
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.