Flor De Ventiila Group
"Flor de Ventilla" Association has been part of the Pro-Mujer (Pro-woman) family for over a year. The association was formed by a group of fifteen responsible working women within the center.
They were mainly engaged in the sale of second-hand American clothing, but due to legal conflicts with the city authorities they had to cease this activity and seek other types of activity. Currently, they are engaged in the buying and selling of consumer electronic equipment (radios, televisions, portable CD players, DVDs, etc.)
To buy these items, they need to travel outside the country, which requires a higher level of funding to purchase the goods and to pay for their traveling expenses. This is an investment, however, that in time will provide more profits and consequently their business will thrive.
Translated from Spanish by MuseAndThinker, Kiva Volunteer
La asociación “flor de ventilla” pertenece a la familia de Pro-Mujer hace mas de un año, grupo formado por 15 personas que trabajan con mucha responsabilidad dentro el centro.
Ellas en gran parte se dedicaban a la venta de ropa americana (usada), pero por conflictos legales con la municipalidad esta actividad quedara vetada por algún tiempo motivo que les llevo a buscar otro tipo de actividad. Ahora intentan dedicarse al comercio de equipos electrónicos ( radios, televisores, discman, dvds y otros, para poder comprar estos artículos necesitan realizar viajes al exterior del país lo que implica solicitar mayores créditos para la compra de estos y pagar sus pasajes de viajes, una inversión que con el tiempo les traerá ganancias y con esto sus negocios prosperaran
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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