The Generation 2006 Association consists of twelve members who meet at the Villa Exaltación community center. They work responsibly in all of their group activities. The members currently have distinct business. For example, Maria Eugenia Q. is the president of the group and sells seasonal merchandise. Jackelyn sells groceries. Miriam produces blankets and “polleras” (traditional skirts worn by women from certain regions). Veronica has a newsstand where she sells books and magazines. Samuel is a mechanic. Lita sells disposable diapers. All of the members want to obtain better sales. For this reason, they need to buy merchandise. They are certain they can generate more revenue to allow them to support their families.
La asociación “Generación 2006” esta formada por doce integrantes, ellas se reúnen en el centro focal Villa Exaltación, trabajan de forma responsable en todas sus actividades de grupo. Actualmente las socias tienen negocios distintos, por ejemplo Maria Eugenia Q., que es la presidente de grupo se dedica a la venta de mercadería de acuerdo a la temporada, Jackelyn vende abarrotes, Miriam confecciona mantas y polleras (pollera= falda tradicional para mujeres de algunas regiones) ,Verónica tiene un puesto de libros y revistas, Samuel es mecánico, Lita vende pañales desechables.Toda la asociacion desea obtener mayores ventas, para este objetivo necesitan comprar mercadería, tienen la certeza de generar mayores ingresos que les permita ofrecer bienestar a 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.