Rafael M. is 35 years old. He has a small vehicle which he hires out, also, he is part of transportation union with 15 routes in the city of El Alto. With this loan he would like to replace the broken cylinder heads in his car. He remembers when he was only a driver and needed to rent a car. Now, with a lot of work, he has bought his own car. The other group members have their own businesses such as weaving, carpentry, selling candles, backpack making and a tire-repair shop. They need loans for buying merchandise and prime materials.
Rafael M. de 35 años tiene su movilidad con el cual trabaja, prestando servicio de transporte, pertenece a un sindicatoque tiene 15 rutas, específicamente trabaja en la ciudad de El Alto, con el préstamo solicitado desea comprar las culatas para su movilidad ya que están en mal estado, él recuerda que antes era solamente chofer asalariado ahora con un esfuerzo se ha comprado su propia movilidad. Las demás integrantes tienen sus propios negocios como el tejido de mantas, carpintería, venta de velas, confección de mochilas y taller de llantería.
Todas necesitan el préstamo para adquirir mercadería y materia prima.
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.