The “Las Gaviotas” [“The Seagulls”] group is lead by Martha Silvia and is composed of 13 members that are now in their third loan cycle and have demonstrated punctuality, responsibility, and a drive to work to get ahead in life. Generally, the member of the group run businesses in the sale of cosmetics, food, handicrafts, empanadas, chocolates, a hair salon, and a clothing seamstress. The members accept that there is great competition in the product sales market, but they know how to get ahead with new products that are in great demand. The loan will be invested in purchasing merchandise, materials, and supplies, such as tools, that will lead to improvements in their income so that they can offer their families a better quality of life.
El grupo “Las Gaviotas” representadas por la señora Martha Silvia y conformada por sus 13 miembros que van cursando juntos ya un tercer ciclo demostrando puntualidad, responsabilidad y ganas D. trabajar para salir adelante. En general los miembros del grupo se dedican a actividades comerciales como la venta D. cosméticos, comida, artesanías, empanadas, chocolates y al servicio D. D. peluquería y costura D. prendas D. vestir. Los socios aceptan que existe gran competencia en el mercado D. venta D. productos pero saben como salir adelante con productos nuevos y D. gran demanda. El destino del financiamiento es para la adquisición D. mercadería, materiales e insumos así como herramientas que coadyuven a la mejora D. sus ingresos para poder así brindarles a sus familias una mejor calidad D. vida.
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.