The group "Las Magnificas" is represented by Mrs. Julia and has 16 members who have been together for five seasons showing strength, honesty, and responsibility, and continue wanting to go on growing in spite of having had problems with some bad members. They are still struggling to get ahead with their small businesses selling fruit, meat, groceries in local stores, cosmetics from catalog, food and dedicated to music. The loan will be spent to increase the work capital and buy supplies and tools to help increase earnings in order to continue to move ahead and improve the life quality of their families.
El Grupo “Las Magnificas” esta representadas por la señora Julia y compuesto por 16 personas que van cursando juntas su quinto ciclo en la cual demostraron solidez, honradez y responsabilidad y siguen con las ganas D. seguir creciendo a pesar D. haber tropezado con algunos malos integrantes ellas siguen luchando por salir adelante en sus pequeños negocios D. venta D. frutas, carne, abarrotes en tiendas D. barrio, cosméticos por catálogos, comida y su dedicación a la música. El destino del crédito es para el incremento D. su capital D. trabajo para la compra D. materiales insumos y herramientas que ayuden a genera un mayor ingreso para seguir superándose y mejorando la calidad D. vida D. sus familias.
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.