Las Canelas Group
She has been a blanket weaver for over 10 years and she plans to use the requested funds to buy raw materials like wool.
The other members of this communal bank are involved in a variety of commercial activities, such as: quinoa sales, blanket braiding, sale of “aguayos” (colorful cloths used to carry babies).
They all need funds to acquire merchandise, ingredients or raw materials according to each type of business.
Ella se dedica a tejer mantas hace más de 10 años y con el préstamo tiene planificado comprar materia prima como la lana.
Las demás integrantes de esta Asociación tienen actividades económicas como: venta de quinua, trenzado de mantas y venta de aguayos (tela colorida que se utiliza para cargar bebes).
Todas necesitan el préstamo para adquirir mercadería, insumos o materia prima, según el negocio que tengan.
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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