The Community Association Nueva Asunción is made up of 8 members with various businesses and skills, including running a sewing workshop, tailoring jackets, and knitting sweaters. Martha B. is 35 years old and married, and has been knitting sweaters from her home for the past six years as well as taking care of the usual household responsibilities. Sales of her jumpers take place in the different fairs around the city of El Alto from Monday to Sunday. The loan is currently being sought to buy more wool to continue with her sweater knitting business.
La Asociación Comunal Nueva Asunción esta integrado por 8 socias, con diferentes tipos de negocios, como ser: taller de costura, confección de chamarras, tejidos de chompas. Como es el caso de la señora Martha B., señora de 35 años de edad, casada, la misma que está dedicada desde hace 6 años al tejido de chompas en su domicilio, al mismo tiempo que desarrolla las tareas del hogar. La venta de su producción es realizada en diferentes ferias de la ciudad de El Alto, de lunes a domingo. La solicitud de crédito que ahora realiza está destinada a la compra de lana, para mantener su producción de chompas.
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.