This group, made up of 15 women, adopted the name “Progreso.” This group works in the focal center German Buch which is located in the Huayna Potosi zone in the city of El Alto. The group members’ main business is selling food. Sonia sells lamb meat, Maruja sells chicken and Lucia sells vegetables. They all sell their products as street vendors at different markets and in the streets of the city of El Alto. They need capital to rent fixed stalls in the markets in the city. This will allow them to secure their sales and to maintain the quality of their products in optimal conditions.
Grupo conformado por 15 mujeres que adoptaron la denominación de “Progreso”. Esta asociación trabaja en el centro focal de Germán Buch ubicada en la zona de Huayna Potosí de la ciudad de El Alto. La actividad principal esta centrada en el comercio de alimentos; Sonia vende carne cruda de cordero, Maruja vende carne de pollo , Lucia se dedica ala venta de verduras, todas ellas en general realizan sus ventas de forma ambulante, en los distintos mercados y calles de la ciudad de El Alto.
Necesitan capital para alquilar puestos fijos en mercados de la ciudad, de esta manera asegurar sus ventas y también mantener la calidad de sus productos en óptimas condiciones.
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.