Mrs. Alicia is 42, married, and has two daughters who are in elementary school. Alicia sells shoes, as well as cosmetics through a catalogue; creams and perfumes from various brands. She says that she has had both business for four years. She also recently started making tortillas by hand to sell in order to make more money. Alicia says she is requesting a loan in order to invest in shoes for women, men, and children, and to buy gas and corn for making her tortillas by hand. She tells us that she travels to a city where they make high-quality shoes in order to stock up, since they have low prices there. This way, she will make money. Alicia says she is grateful to the financing institution for the loan that they are authorizing, because this is how her business is growing.
L a señora Alicia tiene 42 años, ella es casada y tiene dos niñas las cuales estudian la primaria. Ella se dedica a la venta de zapato, venta de cosméticos, cremas, perfumería por catalogo de diferentes marcas dice que con esos dos negocios tiene cuatro años y también desde hace poco para tener una entrada mas de ganancias empezó hacer tortillas a mano para vender. Dice que esta pidiendo un crédito para invertir en zapatos para dama y niños y también en compra de gas, maíz para hacer sus tortillas a mano, platica Alicia que ella va a una ciudad donde hacen zapato de buena calidad a surtirse ya que ahí le dan precios bajos para ella después ganarle algo. Dice Alicia que esta agradecida con la financiera por el crédito que le están otorgando por que así esta creciendo mas su negocio.
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.