The sale of clothing and candies, hand-sewing clothing (macrame), sewing, taxi driving, and food sales are the businesses that the members of the Amistad, or Friendship, group operate. The group recently formed to enter into this loan. Fifty-five year old Julia C., married, sells clothing at the 16th of July market and needs the loan to purchase clothing wholesale. Another example is Dayonnethe A., 21 years old, who sells potatoes with sausage in the city of El Alto, in the Rio Seco area, specifically in the market "Carmen". She sells at night because that is the time of highest demand and she needs the loan to purchase potatoes wholesale.
Vender de ropa y golosinas, tejer prendas a mano (macramé), costura de prendas, conducir taxi y vender comida, son los negocios que atienden las integrantes del grupo “Amistad” que se agruparon recientemente para acceder al préstamo, tal es el caso de Julia C. de 55 años, casada y vende ropa en la feria “16 de Julio” y necesita el préstamo para adquirir ropa al por mayor, otro ejemplo es Dayonnethe A. con 21 años vende salchipapas en la ciudad de El Alto, zona de Rio Seco, específicamente en el mercado “Carmen”, ella vende por la noche ya que es cuando tiene mayor demanda y requiere del préstamo para comprar papa al por mayor.
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.