The ladies of the collective "Caminantes" begin their days very early in the morning to take their merchandise to the various city markets. They sell clothing, food, jewelry, furniture, pastries, sweets and other items. This collective has worked at the Juan Pablo II center for the past two years, located in the Ferropetrol zone in the city of El Alto. They need capital to buy merchandise in order to expand their sales. They are certain they will gain greater profits with which to pay their loan.
Todas las mañanas muy temprano comienzan su día las señoras de la asociación caminantes, llevando su mercadería a distintas ferias de la ciudad, ellas venden ropa, comida, joyas, muebles, pastelitos, dulces y otros. Esta asociación trabaja hace mas de dos años en el centro focal Juan Pablo II, que esta ubicada en la zona Ferropetrol de la ciudad de El Alto. Necesitan capital para compra mercadería para ampliar sus ventas, están seguras que generaran mayores ingresos, con lo que podrán responder a sus créditos
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.