Ana Maria is at the head of the group, and she is the president. Beatriz is the treasurer, and Silvia is the secretary.
These women carry out different business activities. Examples of their activities are selling clothes, selling deep-fried chicken, selling chicken, selling toys, making jackets, and doing carpentry work.
The president sells clothes. She already has experience in this field, as she has been selling clothes for over four years. She has a fixed stand in the Ballivián Zone in the city of El Alto.
This is her first cycle, and Ana María will use the loan to increase her merchandise.
En el caso del negocio de la señora presidenta, su negocio es la venta de ropa. Ella ya tiene experiencia en el ramo, más de cuatro años vendiendo ropa, cuenta con un puesto fijo en la Zona Ballivián de la ciudad de El Alto. Este es su primer ciclo, por lo que la señora Ana María considera que el crédito le servirá para incrementar la mercadería.
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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