The Kantutas Association is in the Cascada center of the city of El Alto. They have been working for one year with the Pro-Mujer family.
Most are married with large families, in need of economic resources to cover certain necessities such as school uniforms and supplies, since a new school year is starting. This is why they need large loans to increase their sales and to have the security of a larger income.
The Kantutas Association are all in general business, selling various products in market stands and on the streets of the city. Some also have neighborhood shops.
La asociación kantutas pertenece al centro focal Cascada ubicada en la ciudad de El Alto, hace un año que trabajan junto a la familia de Pro – Mujer.
La mayoría casadas y con familias numerosas, necesitan recursos económicos, para cubrir ciertas necesidades como ser guardapolvos y material escolar, ya que empieza un nuevo año escolar. Por este motivo necesitan de mayores créditos para ampliar sus ventas con la seguridad de obtener mayores ingresos.
La asociación Kantutas se dedica al comercio en general, diversos productos son vendidos en puestos de mercados y calles de la ciudad, otras también tiene tiendas de barrio.
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.