The community bank group "Rios De Agua Viva" ("Rivers of Life Water") is based out of one of the regional offices of Kiva partner Pro Mujer near the Andes. The group has about two years' experience, and the majority of the 12 members make a living weaving blankets and selling food. A few others dedicate themselves to making cards, sewing jackets, producing party favors or selling spare auto parts. The members are in need of the loan so they can purchase the supplies they need to make their products, such as wool and fabric, while other plan to use the loan to purchase merchandise. The leader of this group is president Olga E., Mery M. is the treasurer and Guadalupe Q. is the secretary. All the members enjoy participating in their meetings as well as the training sessions.
En uno de los Centros Focales de Pro Mujer, “Los Andes” se encuentra la Asociación Comunal “Rios de agua viva”, con aproximadamente 2 años de vida, cuenta con 12 integrantes que en su mayoría se dedican al tejido de mantas y venta de comida, pocas se dedican a la elaboración de tarjetas, confección de chamarras, producción de cotillones y venta de repuesto de auto, ellas indican que necesitan el préstamo para la compra de materia prima que les permita elaborar sus productos, como lana, tela y otras para comprar mercadería.
Este grupo tiene como líderes a Olga E. como la presidenta, Mery M. es la Tesorera y Guadalupe Q. es la Secretaria de Actas. A todas les gusta participar en las reuniones así como en las capacitaciones.
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.