The members of the group, “Virgen del Rosario” are represented by Juan Carlos, who is the president of the group. In general, the majority of the group members are engaged in the selling of different products such as groceries, cosmetic sales by catalog, clothes, bread, and employed in different businesses. Within the sector of every one of the group members there is a lot of competition; it is for this reason that the members require the capital to be able to sell more attractive products to their clients and increase their income to offer their families a better quality of life. In general, the members have experience in group loans thanks to the financing of entities similar to Fundación Agrocapital, therefore they know the responsibility implied in group credit.
Los miembros del grupo “Virgen del Rosario” están representados por el señor Juan Carlos quien es el presidente del grupo. En general una mayoría D. los miembros del grupo se dedica al comercio D. diferentes productos como abarrotes, ventas D. cosméticos por catalogo, ropa, pan y empleados D. diferentes empresas. Dentro del rubro D. cada uno D. los miembros del grupo existe gran competencia, es por esta razón que los socios requieren D. capital para poder poner productos a la venta más atractivos para sus clientes e incrementar sus ingresos para brindar a sus familias una mejor calidad D. vida. En general las socias cuentan con experiencia en grupos solidarios gracias a financiamientos D. entidades similares a la Fundación Agrocapital, por lo que conocen la responsabilidad que implica un crédito grupal.
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.