The “16 D. Mayo” group is a new group. There are 15 members in the group and Mrs. Rosa is their representative. All of the group’s members live in the same neighborhood, so they know each other. Most of the members plan to use the loan money to grow their small business, business that sell products like; food, bread, sweets, cosmetics by catalog, and milk. They will also use the money to buy supplies to help with their home improvement projects. The market is competitive, but the group’s members know how to get ahead since their family’s depend on daily sales from their jobs.
In spite of being a new group, they are experienced in solidarity groups thanks to loans and institutions similar to Agrocapital Foundation. This is the foundation they are working with, so they can get ahead and make their payments -- helping their whole family.
El grupo “16 D. Mayo” es un grupo nuevo que esta conformado por 15 integrantes representados por la señora Rosa, todos los integrantes residen en el mismo barrio por lo que se conocen entre si. La mayoría D. las socias destinaran el crédito a la ampliación sus pequeños negocios D. venta D. productos como comida, pan, dulces, cosméticos por catálogos, leche y para la compra D. materiales e insumos para mejorar sus trabajos D. construcción D. viviendas. El nivel competitivo en el mercado es alto pera los socias del grupo saben como salir adelante ya que el sustento D. sus familias dependen D. la venta diaria D. sus puestos D. trabajos. A pesar D. ser un grupo nuevo tienen experiencia en grupos solidarios gracias a créditos en instituciones similares a la fundación Agrocapital con la cual se encuentran comprometidos a seguir adelante y cumplir con sus cuotas así mismo ayudar en su entorno familiar.
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.