Flor De Urkupiña Group
“Flor de Urkupiña” Association is part of the Senkata Group, situated in the city of El Alto. The group is mainly engaged in the preparation and sale of exquisite spicy meat pies from wooden carts at different locations in the city. Unfortunately, many of these carts are worn-out and damaged due to constant use and climatic conditions. They need to be repaired or replaced, as appropriate.
To generate higher revenues and improve the living standard of their households, Flor de Urkupiña Association requires funds to buy new carts or to cover the rental costs of suitable sites for the sale of their products.
Translated from Spanish by MuseAndThinker, Kiva Volunteer
La asociación “Flor de Urkupiña pertenece al centro focal Senkata ubicada en la ciudad de el Alto. Gran parte del grupo se dedica a la preparación de exquisitas tucumanas y salteñas (empanadas fritas y al horno) que las venden en carritos instalados en distintos lugares de la ciudad. Lamentablemente muchos de estos carritos por las condiciones del clima y el uso ya se encuentran bastante deteriorados, lo que les obliga a remplazarlos o repararlos según el caso.
La asociación flor de Urkupiña necesita dinero para poder comprar otros carritos o cubrir alquileres de ambientes adecuados para la venta de estos productos. Con el unico objetivo de generar mayores ingresos para mejorar la economía de sus hogares
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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