The “Amanecer” group is represented by Julieta and is composed of 12 members who, in general, work selling clothing, crafts, blankets, food, public transportation and funeral services. Despite the competition, the women try to stay in business so they can continue to earn their daily incomes, which sustain their families and are the fundamental pillars of their homes. The loan will be used to purchase materials, ingredients, and tools that will help them to generate greater income, which will serve to proviD. their children with better education and a better quality of life. Though the group is new, the members already have experience in group loans because of financing from institutions similar to Fundación Agrocapital, which provides them economic help so they can proviD. for their families.
El grupo “Amanecer” esta representado por la señora Julieta y conformado por 12 miembros que en general se dedican la venta D. ropa, artesanía, edredones, comida, transporte publico D. pasajeros y a servicios funerarios. Pese a la competencia las señoras tratan D. mantenerse en sus negocios para poder seguir percibiendo su ingreso diarios que es el sustento D. sus familias y el pilar fundamental D. sus hogares. El destino del financiamiento es para la adquisición D. materiales, insumos y herramientas que ayuden a generar un mayor ingreso que servirá para brindarles a sus hijos una mejor educación y una mayor calidad D. vida. A pesar D. ser un grupo nuevo los socios ya cuentan con experiencia en grupos solidarios gracias a financiamientos D. entidades similares a la Fundación Agrocapital quien les brinda un apoyo económico para sacar adelante 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.