Hilaria A. is the president of the“illimani” association in the Focal Villa Adela center, in the city of El Alto. Along with many of her fellow members, she needs to increase her income to support her family. Hilaria has five children, and with her husband, four years ago they have been selling automobile parts, and have a little stall in the taquiña intersection (El Alto). Other members are artisans, they knit blankets, and they also sell plastic goods, clothing, furniture, apples and other items. The Altiplano association needs to increase their capital to have variety and increase their merchandize. It is the only way that they can generate the necessary income to fulfill the needs of their families.
Hilaria A. es la presidenta de la asociación “illimani” del centro Focal Villa Adela, en la ciudad de El Alto, ella al igual que muchas de sus compañeras necesita elevar sus ingresos para llevar el sustento a su familia, Hilaria tiene cinco hijos, junto a su esposo hace cuatro años se dedican a la venta de repuestos para automóviles, tienen un puesto en el cruce taquiña (El Alto). Otras de las socias son artesanas, realizan tejidos de mantas, también venden artículos de plástico, ropa, muebles, manzanas y otros. La asociación Altiplano necesita incrementar su capital para poder variar e incrementar su mercadería, solo de esta manera podrán generar la clase de ingresos que se necesita para satisfacer las necesidades 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.