Costeñitas 2 Group
The association Costenitas 2 is located in a place called Focal de Villa Adela in the city of El Alto. The association has 22 active members, each of them dedicated to a specific trade which helps sustain their families. Some of the activities include handicrafts, knitting and the sales of every day household and seasonal items. The majority of the members have stands in the fairs and markets which depend on this type of commerce.
The association requires capital to buy supplies for their businesses. They are starting a busy season for the kinds of products and items they sell. This will allow them to generate more income to meet the needs of their families.
La asociación Costeñitas 2, actualmente se encuentran en el ciclo 5 dentro del centro Focal de Villa Adela en la ciudad de El Alto, cuenta con 22 socias activas, las cuales se dedican a distintos rubros para el sustento de sus familias.
Entre las tantas actividades, encontramos a socias que se dedican a la artesanía, tejidos, comercio de mercadería de todo tipo y por temporadas.
En su mayoría, las socias poseen puestos de venta en ferias y mercados específicos dependiendo de la mercadería con la que comercian
Actualmente esta asociación requiere de capital, principalmente para abastecer sus negocios, preparando la temporada de inicio de clases de la gestión 2008, en vista que es una temporada alta para la venta del tipo de productos que las socias precisan vender para generar sus recursos y hacer frente a las necesidades de sus familias.
Translated by Kiva volunteer, Emily Charnes
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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