The group “Las Lideres” is represented by Señora Piedades whose sister Señora Mirtha is also part of the group. Their income is totally independent of each other. The members of the group earn their living in different ways such as selling clothes, shoes, bread, glass, and cosmetics from a catalogue. Competition in the market place increases daily so the members have to improve their products and their sales. For this reason they require financial assistance in order to be able to buy merchandise, materials, and ingredients at low prices. Increased sales and income will allow them to improve the quality of life for themselves and their families. The members have experience with organisations similar to Kiva partner, Agrocapital, but this will be their first loan with our institution.
El grupo "Las Lideres " esta representado por la señora Piedades que tienen un parentesco familiar con su Herman la señora Mirtha, ambas tienen ingresos totalmente independientes una D. la otra. Los miembros del grupo tienen diferentes fuentes D. ingreso entre ellos esta la venta D. ropa, zapatos, pan, vidrio y cosméticos por catalogo. Dentro del mercado la competencia crece día a día por lo que las socias deben mejorar sus productos y sus ventas, es por esta razón que requieren del financiamiento para poder adquirir mercadería a bajo precio y materiales e insumos que mejoren sus ventas y por enD. sus ingresos para mejorar su calidad D. vida y las D. sus familias. La socias cuenta con la experiencia adquirida en entidades similares a la fundación Agrocapital pero es la primera vez que trabajan con nuestra institución.
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.