Siempre Alegres (Forever Happy) Group
The "Siempre Alegres" association meets in the Villa Adela town center, located in the city of El Alto. Felipa Agostopa is the group leader. They have been working with the Pro-Mujer (Pro-Woman) institution for the last seven years, and the economic situation of the members has noticeably improved since they have received the help of this institution. Currently they want to increase their sales, for which they need increased capital to purchase larger quantities of fruit.
La asociación siempre alegres se reúne en el centro focal de Villa Adela, ubicada en la ciudad de El Alto. Felipa Agostopa es la líder del grupo, cuenta que trabajan con la institución de Pro-Mujer hace mas de siete años y la situación económica de sus hogares a mejorado notablemente desde que reciben el apoyo de dicha institución. Actualmente desean ampliar sus ventas por lo que necesitan mayor capital para la compra de fruta en mayor cantidad.
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.
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