Mariscal Sucre Group
Magaly tells us that she joined the institution 13 years ago, through an invitation from a loan officer. She currently has a business selling educational games that she set up a few months ago.
Magaly will use the loan that she is receiving to buy merchandise (educational games) which she will buy in La Ceja (a commercial area of the city of El Alto). This work allows her to make income with which to support her family. She has one child.
La señora Magaly, indica que hace un 13 años que integro la institución por invitación de una promotora. En la actualidad ella tiene un como negocio venta de juegos didácticos, que inicio, hace unos meses atrás.
El crédito que ahora sacará es para la compra de mercadería (compra de juegos didácticos) que los comprará de la Ceja (lugar comercial de la ciudad de El Alto). Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella tiene un hijo.
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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