6 De Marzo Group
The group currently has 15 members and they have proven to be an organized group in terms of their loan payments. The majority of the group members are married with children. The children help their parents with their businesses since the earnings only cover their basic necessities and do not provide enough to hire assistants.
The association includes different businesses such as food sales, clothing sales, and auto parts sales, but the primary business is the sale of vegetables and potatoes, which are sold in the Ceja market (located in the central zone in El Alto) and in other markets around the city. The March 6th association needs capital to buy larger quantities of products to increase their earnings and ensure that their households are economically stable.
Dentro el grupo la mayoría son casadas y con hijos, estos ayudan a sus padres en sus negocios ya que las ganancias solo cubren necesidades básicas y no les alcanza para contratar ayudantes. Existen diferentes negocios dentro la asociación como ser; la venta de comida, la venta de ropa, venta de artículos para vehículos, pero la actividad principal es la venta de papa y verduras la comercializan en el mercado de la Ceja (zona central de la ciudad de el Alto) y en otras ferias de la ciudad. La asociación Seis de marzo necesita de capital para comprar productos en mayor cantidad, con la seguridad de ampliar sus ganancias para obtener estabilidad económica en 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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Success!! The loan was 100% repaid