The “20th of November” group is represented by Eloina Jenny. This is a new group made up of 21 people, 6 men and 15 women, all of whom have different businesses. The men work in transportation, some of the women sell groceries from their home, others sell a variety of products such as baked turnovers in the schools and plazas. Their competition is low as they go where the people are familiar with their products and know the quality of their products. The financing is to buy consumable materials and to repair the equipment used in their work in order to earn a greater daily income and provide a better quality of life in their families. The experience of the members in such a group is minimum but they know that they need to demonstrate responsibility and honesty in order to meet their obligations and be able to access future loans.
El grupo “20 de Noviembre” esta representado por Eloina Jenny, es un grupo nuevo que esta integrado de veintiún personas, de las cuales 6 son hombres y 15 mujeres todos ellos se dedican a diferentes actividades, los hombres son transportista, algunas de las mujeres tienen su venta de abarrotes en sus domicilios, otras se dedican a la venta de productos diversos como empanadas en colegios y plazuelas. La competencia es mínima ya que van donde hay gente que ya conoce sus productos y saben de la calidad que están hechos sus productos. El destino del financiamiento es para la compra de insumos materiales y para la reparación de sus herramientas de trabajos para realizar un ingreso diario mayor que brinda una mejor calida de vida a sus hogares. La experiencia de los socios respecto a grupos solidaR. es mínima pero saben que se requiere de responsabilidad y honestidad para cumplir con sus obligaciones y poder optar de futuros financiamientos.
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.