The Amigos Por Siempre ("Friends Forever") group is maD. up mostly of young mothers who are trying to get ahead with their businesses. The ten women and two men in the group live in the Cochabamba region of central Bolivia and work in different areas, depending on the season. Right now, Erika and Alejandrina both own neighborhood stores. Leonor sells ice cream, Graciela and Jhonny Alberto sell candles for religious rituals, Jeankarla and Gladys sell t-shirts at local fairs. Ricardo sells athletic clothing, and Paola sells prepared meals. It's only appropriate that many of the group members work selling food, since "cochabambinos" priD. themselves on being the most food-loving of all Bolivians.
Most of the group members have one to five years of experience, with the exception of Flora, who has had her shop for 10 years, and Patricia, who has worked at a general store for 12 years. The group members will use their Kiva loans to purchase more merchandise to sell at their repective businesses.
The group gets along well and is very cheerful, as you can see in their picture.
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.