Jardin Del Altiplano Group
Sra. Olga, the president of the “Jardín del Altiplano” Communal Association, says this is the first time she has requested a loan. She is currently married and the mother of seven children. Olga operates a business out of her home in which she weaves bedding on a loom based on orders she receives. Her first loan will be in the amount of 2000 BOB and used for buying wool. She will also buy coca leaves since her family has a side business selling medicinal leaves (an infusion of coca leaves can be used to cure stomach aches and headaches caused by altitude sickness since the city of El Alto stands at more than 3,500 meters above sea level).
When asked what she likes most about Pro Mujer, Sra. Olga replied that she enjoys having this loan.
La señora Olga, presidenta de la asociacion comunal “Jardín del Altiplano”, indica que es la primera vez que solicita un prestamo. Actualmente casada, madre de siete hijos, la actividad que desarrolla en su hogar es el tejido de camas en telar, a pedido. Este primer crédito es por Bs 2000.- y esta dirigido a la compra de lana y tambien al compra de coca, pues el negocio familiar ha sido la venta de esta hoja medicinal (la infusión de la hoja de coca puede curar dolores de estómago y dolores de cabeza producidos por la altura, la ciudad de El Alto está a más de 3.500 mts.).
Cuando se le consulta que le gusta de Pro Mujer, ella comenta que le gusta el crédito.
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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