Carmen is a seamstress who specializes in making jackets. Over time she has been able to grow her business and create jobs. Carmen acquires her supplies from the outskirts of the city of El Alto and then sells her products in the same city. She already has a place where she sells her merchandise. Carmen says she enjoys sharing with her friends during their meetings. At the moment, she is requesting 1500 BOB in order to buy fabric.
The other members of this Communal Association have different businesses in the manufacturing, service, and retail sectors.
En esta oportunidad esta solicitando Bs.- 1500 para comprar tela. Las demás integrantes de ésta Asociación Comunal tienen diversos negocios de producción, servicio y comercio.
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.
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