The Villa Exaltación center is located in an area with the same name. The Cristal association, which belongs to this center, is comprised of twelve very pleasant members who have been working in an organized manner for several years. The Cristal association members partake in different types of business activities. Martha, for example, has her own motor oil shop, while other members sell vegetables, American apparel, electronics, used clothing and homemade, bottled quinoa juice.
They state that they need more work capital in order to purchase supplies and raw materials (depending on each business) in order to expand their businesses and generate more income.
En la zona de Villa Exaltación, se encuentra ubicado el centro focal del mismo nombre, a este pertenece la asociación “cristal” Un grupo muy simpático y particular formado por doce miembros, trabajan de manera organizada hace varios años. Las actividades que realiza la asociación Cristal, son de todo tipo, Martha por ejemplo tiene una tienda de lubricantes, otras se dedican a la venta de verdura; venta de ropa americana; artefactos electrónicos; ropa usada, otras elaboran jugos en base a la quinua.
Afirman que necesitan mayor capital para la compra de materia prima e insumos (dependiendo el caso), 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.