Sra. Bertha has operated a business selling socks for 10 years. Her stand is on Avenida Panoramica in the 16 de Julio neighborhood.
Sra. Bertha is borrowing Bs.2000 and she says that she will use the money to buy merchandise for resale. The better stocked her business, the more she is likely to sell.
The members of the association operate various business: making and selling knitted sweaters and hats, operating food stores, producting alpaca wool, selling clothing and fish, and operating corner shops.
La señora Bertha tiene como negocio la venta de medias, desde hace 10 años. Su puesto está ubicado en la Zona 16 de Julio, sobre la avenida Panorámica.
Este primer crédito es por Bs.2000.- ella indica que servirá para la compra de mercadería, cuanto más surtido está el puesto mejor sería la venta.
Las integrantes de la asociación comunal tienen negocios como el de Tejido de polainas y gorros, tienda de conservas, tienda surtida, producción de lana de alpaca, venta de ropa, venta de pescado y tienda de barrio.
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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