In the Cascada community center, located in the city of El Alto, the group "Amor de Dios" was formed more than four years ago. To date, the group has 12 members who have independent businesses like selling sweets and cookies, food, and vegetables; others are seamstresses and shoe repairers. This group needs to buy goods in larger quantities to generate more profit.
En el centro focal Cascada ubicado en la ciudad de El Alto, hace más de cuatro años, se formo la asociación “Amor de Dios”, a la fecha esta integrada por doce personas. Las integrantes de este grupo tienen negocios independientes, por ejemplo, venta de dulces y galletas, venta de comida,venta de verduras, otras se dedican a la costura y también a la reparación de zapatos. Esta asociación necesita comprar mayor cantidad de productos para 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.