Luna Andina Group
Carmen, the president of the bank, states that she it was a friend who invited her to become a member of the “Luna Andina” community bank. Carmen is a woman of great experience since she was a member of another Pro Mujer community bank for eight years. She is married and awaiting her first child. Her business is making and selling t-shirts. In some cases, to stock her business, she buys t-shirts. She has been in this business for 16 years. She comments that her older siblings taught her how to sew t-shirts. She makes her sales in the '16 de Julio' (16th of July) market place on Thursdays and Sundays.
Her first loan several years ago was for 800 bolivianos. She is now requesting 2,000 bolivianos. This money will be used to buy fabric.
La señora Carmen, presidenta de la banca comunal indica que forma parte del B.C. “Luna Andina” gracias a la invitación de una amiga; la señora Carmen es una persona con gran experiencia pues antes participó de otro banco comunal en Pro Mujer durante ocho años. Casada, actualmente está esperando su primer hijo, su negocio es la elaboración y venta de poleras, en algunos casos para surtir la mercadería compra poleras. Desarrolla este negocio desde hace 16 años atrás, comenta que sus hermanos mayores le enseñaron a coser poleras. Las ventas son realizadas en la Feria de la zona 16 de Julio los días jueves y domingo.
Su primer crédito hace varios años fue de Bs 800.-, ahora ha solicitado Bs2000.-, en esa oportunidad y ahora ese dinero será destinado a la compra de tela.
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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