Flor De Vida Group
Carmen reports that the communal bank has recently formed, with assistance from the organization Pro Mujer, and that they were invited to join by a friend of hers. She currently has a business that sells food, and she has worked in this business for several years.
The loan she is currently seeking is to help re-supply her business with vegetables. She buys these in the traditional markets of El Alto and uses them to prepare dishes that she sells from her own stall. This form of work will help her to improve her family's situation, as she is married and has six children.
La señora Carmen cuenta que es la primera vez que integra una Banca Comunal dentro de Pro Mujer y que para esto fue invitada por su amiga; en la actualidad ella tiene un negocio de venta de comida, mismo que trabaja hace varios años.
El crédito que ahora sacará es para aumentar su capital (compra de verduras) los que comprarán de las ferias tradicionales de El Alto y posteriormente a la elaboración lo venderá en su puesto fijo. Esta forma de trabajo apoya a salir adelante a su familia pues ella es casada y tiene seis hijos.
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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