Ms. Guadalupe represents the group “ Las Andantes 2.” The group has 13 members who work in a variety of areas like: selling cosmetics, condiments, clothing, and food. The men work in public transportation and home construction. As is common in a large market, there is always a lot of competition among products. This is the reason that the members of the group want a loan. They want to improve the quality of their products and be able to compete with the rest of the market. And in this way get a better daily income so they can meet their obligations and offer their families a better quality of life. For the majority of members, this is the second cycle showing that they are capable of being able to meet their obligations punctually.
El grupo “ Las Andantes 2” esta representado por la señora Guadalupe e integrada por 13 miembros los cuales se dedican a actividades comerciales como a la venta D. cosméticos, condimentos, ropa y comida entre los varones se dedican al transporte público y a la construcción D. viviendas. Como es común en un amplio mercado siempre existe la competencia D. productos, es por esta razón que los miembros del grupo desean el financiamiento para mejorar la calidad D. sus productos y poder competir con el resto del mercado consiguiendo así un mejor ingreso diario para poder cumplir con sus obligaciones y brindar a sus familias una mejor calidad D. vida. Para una mayoría D. los miembros este es su segundo ciclo demostrando ser capaces D. poder cumplir con sus obligaciones puntualmente.
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.