Mujeres Obreras Group
All the members have their own businesses, such as seamstresses, knitting of aguayos (a regional, colorful cloth), embroidery, selling yarn, candles, clothes, hardware items, carpentry supplies, neighborhood stores, and food sales. Those that are merchants need the loan funds to buy more product. Those that dedicate themselves to production, need the funds to buy raw material.
Todas las integrantes tienen sus propios negocios como la costura de prendas de vestir, tejido de aguayo (mantel nativo y colorido), bordado de mantas, venta de lana, velas, ropa, herrería, carpintería, atención de tienda de barrio y venta de comida. Necesitan el préstamo para comprar mercadería en el caso de negocios de comercialización, compra de materia prima para las que se dedican a la producción.
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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