About ten years ago, thirteen hard-working women from Senkata formed the Illimani group. Group members mostly sell food, though some of them deal in plastic goods, underwear, wallets, hats, etc. Some members have their own storefronts, while others are set up along public roads. The Illimani group will use this loan to invest in and re-invigorate their businesses.
Hace diez años aproximadamente, en el centro focal Senkata se reúne la asociación “illimani” esta formada por trece socias muy trabajadoras que se dedican principalmente a la elaboración de comida y en algunos casos al comercio de distintos productos (plásticos, ropa interior, carteras, sombreros y otros), algunas cuentan con pensiones propias, y en otros casos tienen puestos en vías publicas. Ellas precisan de capital para poder comprar mercadería o insumos esto hará reactivar sus negocios.
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.