Las Conquistadoras Group
In the region of Villa Adela, in the area bearing the same name, there is an association named "Las Conquistadoras". They are a very happy group of ten women that hae been working together for the past year. The occupations held by "Las Conquistadoras" are of all sorts: one runs a pharmacy, others knit shawls, others sell hair styling products, bags, and aprons, among others.
They have stated that they require working capital to purchase their products and supplies in wholesale, so to expand their businesses and to improve their earnings.
Afirman que necesitan mayor capital para la compra de productos al por mayor, para poder ampliar sus negocios y generar mayores ingresos.
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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