Over five years ago, a group of family members and neighbors got together to form the Alpacoma Association, which holds its meetings in Villa Exaltacion. To date, it is comprised of ten group members. Dolores C. is the current president of the group. She states that she started her own business because she had financial limitations in her household, so she felt the need to earn the income necessary to cover her children’s nutritional expenses. She sells blankets for a living. The rest of her fellow group members own different types of businesses. For example, Claudia makes vehicle covers, Nancy sells fruit, Concepcion sells fast food, and Oscar makes bricks. The entire group needs working capital to purchase merchandise.
Hace mas de cinco años, entre familiares y vecinas se forma la asociación “Alpacoma”, se reúne en el centro focal villa Exaltación, a la fecha esta compuesta por diez miembros, Actualmente Dolores C. es la presidente de grupo, cuenta que inicio su negocio porque tenia limitaciones económicas en su hogar, vio la necesidad de obtener recursos necesarios para gastos alimenticios de sus hijos. Ella se dedica a la venta de frazadas, sus demás compañeras tienen distintas actividad, por ejemplo: Claudia confecciona fundas para autos, Nancy vende frutas, Concepción vende comida, Osar fabrica ladrillos. El grupo en su totalidad necesita capital para la compra de mercadería.
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.