In the city of El Alto lies the Villa Tejada Focus Center, to which the Antofagasta Association has been a part of for over 4 years and consists of 16 women anxious to prosper in their small businesses.
The majority of the group’s members are married and say they need to help their husbands with their household’s finances since each have an average of 4 children. Such is the case of Eugenia, who regretfully widowed and had to care for her family on her own and now needs greater earnings to persevere.
The chief activity in the group is sales. They sell chompas (ponchos) woven in wool, prepared meals, natural fruit juices, cosmetics and other items depending on the season, which they sell in the fair of the Tiahuanacu market in the city of El Alto. They need capital to increase their merchandise stock, and in that way generate greater income for their families.
Translated from Spanish by Evelyn Garcia, Kiva Volunteer.
En la ciudad de El Alto se encuentra el centro focal de Villa Tejada a éste pertenece, hace mas de 4 años la asociación “Antofagasta”, integradas por 16 mujeres ansiosas de progresar en sus pequeños negocios.
La mayoría en el grupo son casadas y afirman que necesitan ayudar a sus esposos en la economía del hogar, ya que tienen un promedio de 4 niños cada una, tal es el caso de doña Eugenia que lamentablemente quedo viuda y tubo que hacerse cargo de su familia ella sola por lo que necesita mayores recursos para. subsistir.
La actividad principal en la asociación es el comercio, venden chompas tejidas en lana, comida, jugos de fruta natural, cosméticos y otros dependiendo de la temporada. Productos que los ofrecen en la feria del mercado Tiahuanacu de la ciudad de El Alto. Ellas precisan capital para incrementar su mercadería de esta manera generar mayores ingresos para sus familias.
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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