Alfa Y Omega Group
The treasurer of the "Alfa Omega" loan group is SaturN., who is on her second cycle. She has been making and selling shoes for 6 years, and she also weaves blankets. The loan of 2,000 bolivares is for the purchase of material to make footwear with. She usually sells her products at La Ceja, from 7 in the morning to 12 noon.
La señora tesorera de la banca comunal, la señora SaturN., este es su segundo ciclo, que forma parte del B.C. “Alfa y Omega”. La señora SaturN. produce y vende zapatos desde hace 6 años, al mismo que teje mantas. Su crédito actual de Bs. 2000.- es para la compra de material, para la elaboración del calzado.
Generalmente sus ventas son realizadas en la “Ceja” de 7 de la mañana a 12 del medio día.
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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