The group "Papa Paulo" is managed by Maria Elizabeth and has 14 members. The majority of the members sell merchandise such as cosmetics, meat, food, chicken or drive taxis. As in any business, strong competition exists in the businesses of this group, but thanks to experience the members of the group know how to succeed. This loan will be used to purchase merchandise, consumables, materials, and tools to help them earn more income and give their families a higher standard of living. The group members have sufficient experience with cooperative groups thanks to loans from organizations similar to the fundación Agrocapital, which organization helps them to raise the standard of living of their families.
El grupo “Papa Paulo” esta dirigido por la señora Maria Elizabeth y conformado por 14 miembros D. los cuales una mayoría se dedican al comercio D. mercadería como cosméticos, carne, comida, pollo y al trasporte público D. pasajeros. Como en todo rubro comercial existe un alto nivel D. competencia en su rubro, pero gracias a su experiencia los miembros del grupo saben como salir adelante. El destino del financiamiento es para la adquisición D. mercadería, insumos, materiales y herramientas que les ayuden a generar una mayor ganancia para brindarles a sus familias una mejor calidad D. vida. Las socias del grupo tienen bastante experiencia en grupos solidarios gracias a financiamientos en entidades similares a la fundación Agrocapital que les brinda una apoyo económico para sacar adelantes a 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.