The Group “Las Palmas” (The Palms) is led by Sra. Julia and composed of 13 young members between the ages of 20 and 40. Even though they are a cheerful group, they have demonstrated unity, responsibility, and honesty throughout their previous loan cycles. The members are involved in retail businesses selling products such as clothing, shoes, cosmetics, food, bread, and lingerie. They sell their goods door-to-door and from established locations. Competition in the retail marketplace is high, but the members know how to cope in this environment by diversifying their merchandise or moving their vending locations around the various local fairs. They do not mind working long hours since most of them are single mothers who would make any sacrifice in order to support their children.
Their loan will be used to purchase goods and supplies to grow their businesses and increase their incomes so that they can provide their families with a better quality of life. With regard to their credit experience, the members have started their third loan cycle and have successfully demonstrated responsibility with their payments.
Las Socias del grupo “Las Palmas” esta representado por la señora Julia y conformada por 13 miembros jóvenes que comprenden entre los 20 a 40 años de edad, A pesar de ellos son personas alegres, unidas, responsables y honestas como lo han demostrado en sus ciclos anteriores. Dentro de las actividades que realizan las socias esta la venta de de ropa, zapatos, cosméticos, venta de comida, venta de pan, venta de ropa interior de forma ambulante y en puestos fijos. La competencia dentro del rubro de venta de productos es elevada pero las socias saben como salir adelante ya sea diversificando su mercadería o trasladando su puesto de venta a diferentes ferias locales, no les importa trabajas mas horas de las necesarias ya que algunas de ellas son madres solteras y sus hijos valen cualquier sacrificio ya que ellos son su razón de vivir. El destino del crédito es para la adquisición de mercadería, e insumos para hacer crecer sus negocios y mejor sus ingresos que ayudara a brindas a sus familias una mejor calidad de vida. En cuanto a la experiencia crediticia las socias ya llevan cursando su tercer ciclo demostrando ganas de salir y responsabilidad en sus pagos.
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.