The Palmeras Communal Association is starting its second loan cycle with nine members, eight women and one man. They meet at 10:30am every Friday. When talking about the businesses of the members, they consist of a variety of different activities: quilt sales, fruit sales, preparing food, ice cream sales, DVD sales, sewing sweatshirts, and tourism.
One of the younger members is Paola Andrea T. F.. She is 20 years old, married, and has a one year old child. For the past year, she has been selling DVDs as a traveling vendor through the different fairs in the City of El Alto. She started with very little and did not have anyone to mentor her. Paola is now requesting a loan of 800 BOB with which she plans to buy more merchandise.
La asociación comunal de Palmeras se encuentra en el ciclo Nº2, está compuesto por 8 mujeres y 1 varón. Su horario de reunión es 10:30 de la mañana los días viernes. Cuando se conversa sobre las actividades de las socias, ellas refieren que son diferentes: venta de colchas, frutas, comida, helados, discos compactos (DVD´s), costura de buzos y turismo.
Paola Andrea T. F. es una socia jóven de 20 años de edad, ya está casada, tiene un pequeño hijo de un año de edad. Su negocio desde hace un año es vender DVD´s de manera ambulante, en diferentes ferias de la ciudad de El Alto. Comenzo de a poco, no hubo un mentor. Ahora está solicitando Bs.800.- y con esto espera comprar más 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.
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