The "Juan Bautista" ("John the Baptist") group is represented by Carmen. This is a new group that brings together people from the same community who know each other well and trust in each other. In general the members make a living selling birds, shoes, bread, groceries in neighborhood stores, candy, empanadas, and some work in transportation with mototaxis. The business environment for the group members is quite competitive, but with their will to work and their experience they are able to make headway to provide their households with a better quality of life. The loan will be used to acquire materials, spare parts, ingredients and tools that will help the members generate more income to make their family finances stable. Despite being a new group the members have experience with group loans and know how to administer the funds well.
El grupo “Juan Bautista” esta reprensado por la señora Carmen, es un grupo nuevo que se reunieron entre personas de la misma comunidad de manera que se conocen muy bien y confían uno al otro. En general los integrantes se dedican a la venta de aves, zapatos, pan, abarrotes en tiendas de barrio, dulce, salteña y algunos al servicio de transporte en motocicletas. El entorno de los miembros del grupo es bastante competitivo pero con sus ganas de trabajar y su experiencia salen adelante para brinda a sus hogares una mejor calida de vida. El destino del crédito es para adquisición de materiales, repuestos, insumos y herramientas que ayuden a generar un mayor ingreso para otorgar a sus familias un hogar económicamente estable. A pesar de ser un grupo nuevo cuentan con experiencia en créditos solidarios por lo que saben administrar bien 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.