The Guadalupe Group, represented by Ms. Carmen Silvia, is comprised of 16 members who are currently in their second loan cycle. They have demonstrated honesty, responsibility, and above all, the desire to get ahead. The majority of the group members sell bread, empanadas (stuffed pastry), vegetables, mattresses, and groceries. Other members work at a beauty salon, or proviD. cleaning or transportation services. Competition is high, but the members have lots of experience and they know how to move their businesses forward by offering a variety of high quality products. They need this loan in order to increase their working capital to purchase merchandise, supplies, and materials so that they can keep generating better profits, which translates into better opportunities for their families. For this reason, they are very grateful for the trust they have been given to keep working with the institution more vigorously.
El grupo “Guadalupe” esta representado por la señora Carmen Silvia y conformado por 16 socias las cuales van cursando ya su S. ciclo demostrando honestidad, responsabilidad y sobre todo ganas D. salir adelante; la mayoría D. sus miembros se dedican a la venta D. comida, pan, empanadas, verduras, colchones abarrote y a actividades como la atención en centros D. estética, transporte D. pasajeros y al servicio D. limpieza. La competencia a nivel comercial es alta pero la socias tienen mucha experiencia y saben como sacar adelante sus negocios ofreciendo productos variados y D. buena calidad. El crédito que han obtenido, es para aumentar su capital D. trabajo adquiriendo mercaderías, insumos y materiales para seguir generando mejores ingresos que cada día se traducen en mejores oportunidades para sus familias, por ello están muy agradecidos por la confianza depositada para seguir trabajando con mas ganas con la institución.
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.