The members of Alaxpacha have various businesses such as sales of sports wear, juices, handmade masks of saints, shoemaking, making of baby clothes, and meat sales.
An example is Cristina Gregorio P., 42. Some time ago, with much work and effort, she managed to put a meat sales business in her house. She sells every day and has regular customers. She needs this loan to buy meat to sell.
Un ejemplo claro es Cristina Gregorio P. de 42 años casada, hace un tiempo atrás, con trabajo y esfuerzo logro instalar en su domicilio una tienda de venta de carne, mejor conocida como “carnicería”, ella vende todos los días y tiene clientes frecuentes. Cristina necesita el préstamo para comprar su producto “carne”.
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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