The Sucrenses group is made up of ten women and two men who live in Sucre, Bolivia. Most of the group members are mothers. The group is involved with various businesses and is very entrepreneurial. On average, the members have five years of experience in their respective businesses: Magali, Shirley, and Mariela sell cosmetics, Maria Luisa and Jhonny work in transportation, Johnny repairs cell phones, Jhonatan has a neighborhood store, Jovana sells prepared meals, Virginia sells vegetables, and Mirna and Angelica sell party favors.
Most of the group members will use their loans to buy more merchandise to sell, and thus increase their income. Most of them did not have access to credit before they joined this group.
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.