Twelve women decided to become a part of an association called “Siempre Alegres” (Always Joyful). The group meets biweekly at the Villa Exaltacion communal banking center. The current president is Ana G.. She works in the sale of undergarments and the other members have different businesses. For example: Olga sells party favors, Remedios sells pork, Sara crafts costumes, Natalia does artisanal weaving, and Maxima sells snacks. The Siempre Alegres association needs to purchase merchandise in order to increase its sales. This will enable them to acquire larger incomes for the good of their families.
Doce mujeres deciden agruparse en una asociación denominada “Siempre Alegres”, se reúne quincenalmente en el centro focal Villa Exaltación. Actualmente su presidenta es Ana García, ella se dedica a la venta de ropa interior, las demás socias tienen distintos negocios, por ejemplo, Olga vende cotillones, Remedios vende carne de cerdo, Sara confecciona disfraces, Natalia realiza tejidos artesanales, Máxima vende meriendas. La asociación Siempre Alegres necesita comprar mercadería para incrementar sus ventas, esto les permitirá obtener mayores ingresos para el bien de sus familias.
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.