The “F. de Primavera” Association is in the main center of Cascada. This group consists of 15 members who have been working with Pro-Mujer for one year. The group has varied activities, some sell clothing, vegetables, or coffee, while others are artisans, creating hand-knit alpaca sweaters or other items. The “F. de Primavera” Association wants to increase their production, so they need larger loans to purchase raw materials or ingredients with the goal of increasing their earnings to benefit their households.
La asociación “F. de primavera” pertenece al centro focal Cascada. El mencionado grupo esta formado por 15 socias que trabajan hace un año con la entidad de Pro-Mujer. Existen diversas actividades de dentro el grupo, por ejemplo algunas se dedican a la venta de ropa; comercio de verduras; servicio de café; otras son artesanas, realizan tejidos de chompas en alpaca y otros. La asociación F. de primavera desea ampliar su producción, por lo que necesita de mayores créditos para la compra de materia prima y/o insumos, solo con el fin de mejorar sus ganancias para el beneficio 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.