The members of the group "Estrellas del Rey" (Stars of the King) are represented by Mrs. Maruja. The group has 12 members, who mostly sell products such as shoes, handicrafts, hats, cellphones, clothes, and groceries in neighborhood stores, and who work as electricians for households. Despite their scarce resources and competition in the market, they always finish ahead, thanks to their desire to work and their experience. The loan will be used mostly to increase working capital and to acquire merchandise, materials, equipment and tools and will help generate more capital and consequently a better quality of life for their families. With regard to their experience with loans, they have already obtained financing from institutions similar to Agrocapital, showing how they work together as a group and demonstrating responsibility and good management of the funds granted to them.
Los integrantes del grupo “Estrellas del Rey” están representados por la señora Maruja y compuesta por 12 miembros que en su mayoría se dedican a la venta de productos como zapatos, artesanías, gorras, celulares, ropa, abarrotes en tiendas de barrio y al servicio de electricista domiciliario. A pesar de sus escasos recursos y la competencia en el mercado de venta de productos siempre salen adelante impulsados por sus ganas de trabajar y su experiencia. El destino del crédito es principalmente para el incremento de capital de trabajo y la adquisición de mercadería, materiales, insumos y herramientas que ayuden a generar un mayor ingreso y por ende una mejor calidad de vida para sus familias. En cuanto a la experiencia crediticia de los socios ya obtuvieron financiamientos en instituciones similares a la fundación Agrocapital conociendo la modalidad de trabajo grupal y demostrando responsabilidad y buen manejo de los fondos otorgados.
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.