Victoria Y. is one of the founders of the "25 de Julio" (July 25th) group in the Santiago II regional office in the city of El Alto. Like many of the members of the group, Victoria does many different types of work in order to be able to put food on the table for her family. Victoria travels to the city of Oruro to buy various household items such as plates, pots, glasses, etc., and then sells them in El Alto's July 16th fair. Other group members also sell assorted products such as children's footwear, underwear, blankets, and more. Victoria and the rest of the group plan to use the loan to strengthen their businesses, and to purchase assorted merchandise.
Victoria Y. es una de las fundadoras de la asociación “25 de Julio” del centro Focal Santiago II, en la ciudad de El Alto, ella al igual que muchas de sus compañeras realiza diversas actividades para poder llevar el sustento a su familia, Victoria realiza viajes a la ciudad de Oruro para comprar variedad de artículos para el hogar (platos, ollas, vasos etc.) y luego los vende en la feria 16 de Julio (El Alto). Ella al igual que sus compañeras afirma que los créditos que obtengan serán invertidos para reforzar sus negocios, adquiriendo mercadería variada. Ya que sus demás compañeras también venden mercadería variada, como ser; venta de calzados para niños, ropa interior, mantas y otros.
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.