Edith T. is the president of the “Estrellas de Mar” group, which is part of the Villa Exaltación regional office. Like her colleagues, she wants to start her own business so that she can support her family. Edith wants to open an Internet café since, as she explains, this business is becoming more and more profitable. She needs capital in order to start her business. Her colleagues work in different businesses—for example, Juana sells clothing, Jennifer sells birthday cards, Inés recycles paper and scrap metal, Flora and Rosmery prepare food, and Marcos earns a living making shoes. All of the members of the group need capital so that they can purchase merchandise and supplies in order to start their businesses.
Edith T. es la presidente de la asociación “Estrellas de Mar” del centro Focal Villa Exaltación, ella al igual sus compañeras, desea iniciar un negocio propio, el cual le permita llevar el sustento a su familia, Edith desea abrir una sala de Internet, ya que este negocio se esta haciendo cada vez mas rentable, afirma. Ella necesita capital para iniciar su negocio. sus compañeras trabajaran con distintos negocios por ejemplo Juana venderá ropa, Jennifer tarjetas de cumpleaños, Inés reciclara papel y chatarras, Flora y Rosmery elaboraran comida, Marcos se dedica a la costura de calzados. La asociación en su totalidad necesita capital para iniciar sus negocios compraran mercadería e insumos.
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.