The "Bolivianita" group is composed of four members. Their representative is Martha Carola. Among the activities the group performs are public transportation, clothes-making and the selling of products like fruit, shoes, groceries and more. The competition in the business of selling their products is high but the Bolivianita members have prevailed in the past with their businesses. With their loan money they hope to expand their merchandise and to buy more modern tools so they can do their jobs better. Among the members are individuals that have experience being part of solidarity groups that request loans as a group and others that are first time members. However, they all feel capable to be able to serve their groups and the Agrocapital Fondation, the organization that has given them the opportunity to receive financing with huge advantages.
(Translated by Ally of San Roque High School)
El grupo " Bolivianita" esta conformado por 14 miembros y están representados por la señora Martha Carola y vienen cursando su primer ciclo. Entre las actividades que realizan los miembros del grupo esta el servicio público D. transporte, confección D. ropa y la venta D. productos como frutas, zapatos, abarrotes, dulces, cinturones y otro. La competencia es en la venta D. productos es alta pero las socias hacen prevalecer la antigüedad en sus puestos D. venta. El destino del crédito es para el incremento D. mercadería y la compra D. herramientas D. trabajo más modernas para brindar un mejor trabajo. Entre las socias hay quienes tienen experiencia con grupos solidarios y otras que reciben su primer financiamiento pero se sienten capaces D. poder cumplir con su grupo y con la Fundación Agrocapital que les brinda la oportunidad D. un financiamiento con grandes ventajas
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.