Flor De Amancay Group
Most members are married and each has an average of five children; in many cases their spouses have abandoned them, leaving them solely responsible for their families. It is because of this that they started small businesses with the goal of obtaining household income.
The Flor de Amancay Association works in different markets and streets of the city selling diverse products such as school supplies, plastics, purses and bags, hair accessories, and other items. These products are obtained from wholesalers to then be retailed. This group needs increased credit in order to buy wholesale merchandise in greater quantities and in this way have greater earnings and sufficient income to maintain their households.
Casadas en su mayoría tienen un promedio de cinco hijos cada una, en muchos casos sus parejas las abandonaron teniendo que hacerse cargo ellas solas de sus familias, es por ello que emprendieron pequeños negocios, con el fin de conseguir recursos para sus hogares.
La asociación “Flor de Amancay” se dedica al comercio en general, diversos productos son vendidos en diferentes mercados y calles de la ciudad; material escolar, plasticos, maletines, accesorios para el cabello, y otros, estos son adquiridos de mayoristas para luego ser vendidos al por menor. Este grupo necesita mayores créditos para comprar mercadería al por mayor de esta manera obtener mayores ganancias y por ende les permita generar ingresos suficientes para sustentar sus hogares.
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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