The Wipala group has been together for four years in the downtown area of Los Andes. They are a very united group and as they have been together for a long time, they have become friends with each other. Now they need to buy more of the raw materials for their businesses so that they can make more sales and generate more revenue.
La asociación Wipala trabaja en el centro focal Los Andes hace cuatro años. A la cabeza de Basilia C. forman un grupo muy unido ya que a lo largo del tiempo formaron una simpática amistad entre ellas. Ahora ellas necesitan comprar materia prima para ampliar su producción, de esta manera obtendrán mayores ventas y generaran mejores ganancias.
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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