Esperanza De Alto Lima Group
Olga told us that she just recently joined the association. She has a business selling food which she has been doing for many years. Before she had this specific business, she had a similar one. This cycle's loan will be used to expand her business, which she will do by purchasing a tank of gas and food. She will buy the supplies in the city of El Alto and later will make her food to sell in the market. This work allows her to support her family; she is unmarried and has five children.
In the photo we are not able to see Adela's face, because she hid while the picture was being taken. She is camera shy.
La señora Olga, indica que forma parte de una asociación comunal por primera vez y que en la actualidad ella cuenta con un negocio venta de comida que viene trabajando hace años, ya que anteriormente contaba con un negocio similar. El crédito de este ciclo es para ampliación de su negocio (compra de garrafa y víveres) mismos que adquiere de la ciudad de El Alto y posteriormente a la elaboración lo comercializará en las ferias. Esta forma de trabajo le permite apoyar a su familia pues ella no es casada y tiene cinco hijos.
En la fotografía podemos ver a la señora Adela que se esconde de las cámaras, pues se encontraba nerviosa ante las cámaras
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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Success!! The loan was 100% repaid