The Las Pampitas group is maD. up of eleven women and two men who know each other from their neighborhood, in the tropical Santa Cruz D. la Sierra region of eastern Bolivia. The group members are involved in a variety of different businesses: Martha does laundry, Cielo and Angel sell drinks, Nancy owns a pig farm, Yonny and Maria del Carmen sell prepared meals, Maria Ruby sells dulce D. leche, Sonia sells sandals, Leonela does embroidery, Susana owns a bakery, Maria Eugenia sells hamburgers, and Claudia sells Yambal cosmetic products. The women have various levels of experience working in their respective areas, anywhere from two to twenty-four years.
Most of the group members plan to use the loan to buy more merchandise to sell or materials/ingredients to make their respective products. Most of them have previous experience with group loans at other financial institutions.
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.