The group "Orquideas" ["Orchids"] is represented by Yovannay. There is a family relationship between Maria de Carmen and Concepción. They are cousins but both have their own small businesses. The large majority of the members dedicate themselves to selling food but also to the sale of products such as clothing and cosmetics through catalogs. Inside the market of selling food, there is an elevated index of competition but what rules is the flavor of the food. It's for this reason that the members would like the loan, to improve their business places and to acquire better supplies for their kitchen. The group finds itself entering its second cycle, demonstrating honor and responsibility in their payments.
El grupo "Orquideas" esta representado por la señora Yovannay presenta un parentesco familiar entre la señora Maria de Carmen y la señora Concepción son primas pero ambas cuentan con pequeños negocios propios. Una Gran mayoría de las socias integrantes se dedican a la venta de comida pero también a la venta de productos como ser ropa y cosméticos por catalogo. Dentro del mercado de venta de comida existe un elevado índice de competencia pero lo que rige es el sabor de la comida es por esta razón que los socios desean el crédito para mejorar sus locales y para la adquisición de mejores insumos para su cocina. El grupo se encuentra cursando su segundo ciclo demostrando honradez y responsabilidad en sus pagos.
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.