Flor De Valle Alto Group
Villa Adela is located in the city of El Atlo, and it is a member of the "Flor de Valle Alto" association. They are a very happy group and they are unique because aside from working together, they have also formed a very beauty friendship among themselves. Most of them are artesans. Arminda, for example, makes unique dolls made from Aguayo - Aguayo is a knitted material made from wool dyed in various colours and it is a fabric usually used to carry babies or objects on the back, as a sling. She sells the dolls in the tourist areas in the city of La Pza. And Julia makes traditional needlepoint costumes and she takes orders for them.
The association "Flor de Valle Alto" requires to purchase supplies to increase their sales, and in turn, to increase their earnings, all for the good of their family.
La asociación Flor de Valle Alto necesita comprar materia prima para ampliar sus ventas, así sus ingresos mejorarían para el bien de 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.
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