Villa Cumaravi Group
Different businesses exist within the assocation, such as preparation and sale of food, sales of sweets and other candies in stalls, others have suburban shops and some are artesans. The association Villa Cumaravia states that they need more capital to buy products, mainly to increase their sales, to obtain better earnings, with the sole objective of improving the economic situation of their homes.
Existen diferentes negocios dentro la asociación como ser; la elaboración y venta de comida, venta de dulces y otras golosinas en puestos, otras tienen tiendas de barrio y algunos son artesanos. La asociación Villa Cumaravi afirma que necesitan mayor capital para la compra productos al por mayor para aumentar sus ventas, para obtener mayores ganancias con el único objetivo de mejorar la situación económica de sus hogares.
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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