Estrellas De Mururata Group
The group's activities are varied, some sell sweets, others cleaning products, some are artisans. One particular activity is sculpture: Jorge and his wife create stone carvings, sold only by order. The Estrellas del Mururata Association wants to increase their sales, so they need capital to buy raw materials. The security of increased income will allow them to save for the future of their children.
Distintas son las actividades del grupo, algunas se dedican a venta de golosinas, otras a la venta de productos de limpieza, también son artesanas. Una actividad muy particular es la escultura, Jorge junto a su esposa se dedican al tallado en piedra, estas obras líticas son vendidas solamente a pedido. La asociación Estrellas del Mururata desea incrementar sus ventas para esto, necesitan capital para la compra de materia prima, con la seguridad de generar mayores ingresos, que les permita ahorrar para el futuro de sus hijos.
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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