The group “Las Cariñosas” (The Affectionate Women) are represented by Mrs. Petrona and include 16 members who are beginning their second cycle of loans with honesty, responsibility and over all, the desire to progress. The majority of the members sell food, bread, sweets in stalls near the high school, or milk or they do activities such as sewing clothing, carpentry, driving passengers or playing music. They have a high level of business skills and the members have a lot of business experience. They know how to grow their businesses by offering a variety of products that are of good quality. The loans that they have obtained will be used to increase their working capital so that they can buy merchandise, supplies and materials that with continue to generate more income so that each day they can provide better opportunities for their families. For this they are very grateful for the confidence they have gained by continuing to work with this institution.
El grupo “las Cariñosas” esta representado por la señora Petrona y conformado por 16 socias las cuales van cursando ya su segundo ciclo demostrando honestidad, responsabilidad y sobre todo ganas de salir adelante; la mayoría de sus miembros se dedican a la venta de comida, pan, dulces en porterías de colegios, leche y a actividades como la confección de prendas de vestir, carpintería, transporte de pasajeros y a la música. La competencia a nivel comercial es alta pero la socias tienen mucha experiencia y saben como sacar adelante sus negocios ofreciendo productos variados y de buena calidad. El crédito que han obtenido, es para aumentar su capital de 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.