This particular women's group is new and is in its 2nd cycle. All are very excited and happy to start their own businesses so that they can support their families. They all have large families and need to help their spouses with the household costs, especially since the majority of them have children who are old enough for school, but they do not have the money to give them a proper education.
There are several types of businesses within the group. For example, Don Carlitos has a public taxi service. Also, members sell clothing, condiments, produce, and cosmetics. They sell these goods retail, and have to purchase them wholesale in order to sell them as street vendors.
The entire group needs a larger loan to be able to get the products wholesale and, thus, expand their businesses and increase their profits. With these improvements, they will be able to support their families and pay the loans back quicker.
Translated by Joanne Egnatchik, Kiva volunteer
EL GRUPO "PASANQUERI" TRABAJA CON EL CENTRO FOCAL DE "VILLA EXALTACION DE" PRO-MUJER HUBICADO EN UNA VILLA DEL MISMO NOMBRE, EN LA CIUDAD DE EL ALTO .
ESTE PARTICULAR GRUPO DE SEÑORAS, ES UN GRUPO NUEVO CUMPLIENDO ASI SU SEGUNDO CICLO.
TODAS MUY EMOCIONADAS Y FELICES DE EMPRENDER NEGOCIOS PROPIOS CON EL UNICO FIN DE SUSTENTAR SUS HOGARES YA QUE EN GENERAL TODOS CENTAN CON FAMILIAS NUMEROSAS Y NECESITAN APOYAR A SUS PAREJAS CON LA ECONOMIA DE SUS FAMILIAS, YA QUE LA MAYORIA TIENEN HIJOS EN EDAD ESCOLAR Y NO LES ALCANZA EL DINERO PARA OFRECERLES UNA EDUCACION DIGNA
EXISTEN DISTINTAS ACTIVIDADES DENTRO LA ASOCIACION COMO POR EJEMPLO DON CARLITOS TIENE UN TAXI DE SERVICIO PUBLICO, ADEMAS EXISTE LA VENTA DE ROPA, CONDIMEMTOS, VERDURAS, FRUTAS, COSMETICOS QUE GENERALMENTE SE LAS REALIZA AL POR MENOR, TENIENDO QUE ADQUIRIR ESTOS DISTINTOS PRODUCTOS AL POR MAYOR PARA PODER LUEGO OFRECERLOS DE MANERA AMBULANTE AL POR MENOR.
TODO EL GRUPO AFIRMA QUE NECESITA MAYOR CREDITO PARA PODER ADQUIRIR ESTOS PRODUCTOS AL POR MAYOR ASI LOS NEGOCOS CRECERIAN Y SUS GANANCIAS SERIAN MAYORES DE ESTA FORMA PODRIAN SUSTENTAR A SUS FAMILIAS Y PARALELAMNETE PODER PAGAR LOS CREDITOS DE MANERA MAS RAPIDA,
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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Success!! The loan was 100% repaid
EL GRUPO AFIRMA QUE NECESITA MAYOR CREDITO PARA PODER ADQUIRIR ESTOS PRODUCTOS AL POR MAYOR.