16 De Agosto Group
Doña Valentina lives with her partner and has 3 small children - for this reason she works hard in her business. The members of this communal bank have businesses such as making woollen jumpers, selling ponchos and footwear, selling toasted broadbeans, rugs, sweets, food and condiments.
Doña Valentina vive con su pareja, tiene tres niños pequeños por los que se esfuerza en su negocio.
Las integrantes de la asociación comunal tienen negocios de elaboración de chompas de lana, venta de mantas y calzados, venta de haba tostada, alfombras, venta de dulces, venta de comida y venta de condimentos.
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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