23 De Marzo Group
In the city of El Alto there you will find a central region called Villa Exaltacion and belonging to this region is the Association "23 Marzo" and it is composed of 12 women dreaming of making their small business grow. The majority of the group are married and they indicate that they need to help their partners with the household finances. They average 4 children per family and many of the women, for various reasons, have separated from their partner and had to care for the family themselves and are faced with the need for greater resources to cover their children's necessities. The primary goal of Association "23 Marzo" is the production of bed linens and bedding sets as well as the production of shirts, sports attire among other items. These things are sold in Peru and they also sell their items wholesale. They hope to acquire with their new capital materials in greater quantities to increase their production and generate greater earnings for the good of their family.
La mayoría en el grupo son casadas y afirman que necesitan ayudar a sus parejas en la economía del hogar, ya que tienen un promedio de 4 niños , muchas de ellas por distintos motivos, se separaron de su pareja y tuvieron que hacerse cargo de su familia por lo que necesitan mayores recursos para cubrir las necesidades de sus hijos. La actividad principal en la asociación “23 de marzo” es la costura de edredones, sabanas y también la confección de camisas, ropa deportiva y otros, estas prendas las comercializan al Perú, las venden al por mayor. Ellas precisan capital para comprar materia prima en mayor cantidad de ésta manera aumentar su producción y generar mayores ganancias para el bien de 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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