Rositas De Final Castillo Group
One of the members is Florencia Amalia H., 48. She has sold clothing in various markets in El Alto for the last 10 years. She works from 7am until noon. Income from this business has made it possible for Florencia to raise her 6 children, three of whom are married and 3 who still are dependent on her.
Florencia needs the funds to buy merchandise, especially during this winter season when warm clothing is in great demand.
Florencia con los ingresos de este negocio ha podido sacar adelante a sus 6 hijos de los cuales 3 son casados y 3 dependen de ella.
Florencia necesita el préstamo para adquirir mercadería, sobre todo en ésta época de invierno las prendas abrigadas tienen mayor demanda.
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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