The “El Naranjal” group is a new group that is comprised of 15 members. Mrs. Adela is the group’s representative. Mrs. Adela and her fellow members all live in the same neighborhood. There are four men and eleven women in the group who make a living doing various things like: selling beer, plants, bread, clothing and some who build houses, work in transportation, and others who work as employees at various businesses. There is a lot of competition, which is why they need to be able to count on some capital, so they can buy merchandise, supplies, and tools for work that will help them generate better incomes and help maintain their families. Most members are new at being in a solidarity group, but they know how to be responsible, since the wellbeing of their homes depends on this. This is why the Agrocapital Foundationoffers them financial support.
El grupo “El Naranjal” es un grupo nuevo que esta integrado de quince socios y representados por la señora Adela quien al igual que sus compañeros residen en el mismo barrio. El grupo conformado por 4 varones y 11 mujeres que se dedican a actividades como la venta de cerveza, plantas, pan, ropa y actividades de construcción de viviendas, trasporte publico y como empleados de diferentes empresas. La competencia en el rubro comercial es alto por lo que deben contar con un capital de apoyo para la compra de mercaderías, insumos y herramientas de trabajo que ayuden a genera una mayor ingreso y colaboren para el sustento de sus familias. La mayoría de los socios son nuevos en la modalidad de grupos solidarios pero saben como ser responsables ya que de ello depende el bien estar de sus hogares, es por esta razón que la fundación agrocapital les brinda un apoyo financiero.
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.