The “Mujeres del Alba” Association has been with the Pro-Mujer family for more than two years. This association is in the center of the Villa Adela neighborhood, located in the city of El Alto. Currently they have 16 members. There are various businesses in the association: some engage in woodwork, others in selling ceramic articles, yet others sell groceries. This association needs loans to purchase larger quantities of product, in order to increase their sales.
La asociación denominada “Mujeres del alba” pertenece a la familia de Pro-Mujer hace más de dos años. La mencionada asociación pertenece al centro focal Villa Adela, ubicada en la ciudad de El Alto, a la fecha cuenta con dieciséis miembros.
Existen diferentes negocios dentro la asociación, por ejemplo algunos se dedican a la carpintería, otras se dedican a la venta de artículos en cerámica, también venden abarrotes. La asociación Mujeres del alba precisa créditos para comprar mayor cantidad de productos, para poder ampliar sus ventas.
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.