The group "Mujeres del 2000" ("Women of 2000") has been working for seven years in the town's textile trade mostly. It is a group formed by fifteen women, the majority of them married and with an average of five children, and they say that the daily expenses that they have for their home increase more each day, which is why they must search for other sources of income. They do different activities. Some are dedicated to sewing, others have neighborhood stores, and some are dedicated to weaving by hand sweaters, baby clothes, and blankets, among other things, which are works that they create with wool and yarn and then sell in bulk. They want a loan to increase their production and to be able to carry their products to the interior of the country, and in this manner they can generate more earnings.
La asociación “mujeres del 2000” trabaja hace mas de siete años en el centro focal de Villa tejada, grupo formado por 15 mujeres, la mayoría de ellas casadas y con un promedio de cinco hijos, afirman que los gastos diarios que tienen en sus hogares aumentan cada día mas, por lo que deben buscar otras fuentes de ingreso. Ellas realizan diferentes actividades algunas se dedican a la costura, otras tienen sus tiendas de barrio, también se dedican al tejido a mano de chompas, mantillas y ponchos, entre otros, trabajos que los realizan en lana y en hilo, que una vez elaborados los venden al por mayor. Ellas quieren crédito para aumentar su producción y poder llevar sus productos al interior del país, de esta manera generar mayores ganancias.
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.