"Colores" is a group which is now on its fourth loan cycle. Carmela is one member of the group. She is 37 years old, married and has two children, aged 11 and 7 years old. She makes a living selling groceries, sweets, stationery and ice creams. She has had the business for around ten years and she plans to use this loan to buy a large grill and start selling chicken and hamburgers in the evenings and at the weekend. Carmela is very happy with his group and knows each member very well.
Colores es un grupo solidario que tiene 4 ciclos con su crédito. Carmela es una de las mujeres que componen el grupo, tiene 37 años, es casada y tiene 2 hijos de 11 y 7 años. Ella se dedica a la venta de abarrotes, dulcería, papelería y paletería, tiene 2 años aproximadamente con su negocio, y el crédito lo usará para comprar una parrilla grande y comenzar con la venta de pollo y hamburguesas en las noches, los fines de semana. Carmela se siente muy a gusto con su grupo y las conoce muy bien a todas.
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.