The group Together Forever is made up of 14 people, who are represented by Mrs. Ximena. The group meets in a particular home every Friday afternoon. Most of the members deliver products on credit to the mining centers of the city of Oruro. As the market and the competition have increased, more capital has become necessary. As a result, they decided to get a loan from the Foundation. They have over five years of experience in their work, and it is the way in which they provide for their families.
El grupo Juntos Por Siempre esta conformado por 14 personas las cuales están representadas por la señora Ximena, las reuniones del grupo se realizan en su domicilio particular los días viernes por la tarde, la mayoría de las socias se dedican a la entrega de productos al crédito en los centros mineros de la ciudad de Oruro, como el mercado y la competencia han ido incrementando se necesita mas capital de trabajo por lo cual decidieron optar por un financiamiento de la Fundación, ellas cuentan con experiencia en el trabajo de mas de cinco años y es la forma en la que mantienen a sus familias.
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.