The group “La Santa Cruz” is represented by Mrs. Olivia and it includes 14 members; they are participating in their first loan but have demonstrated to be hard-working people with a desire to get ahead in life. The majority of the members are involved in various businesses such as selling bread, food, cosmetics, refreshments with pastries, and public transportation. In spite of the market competition, the members know how to get ahead; for this reason, they are requesting a loan to invest in new businesses such as raising animals which is more profitable but requires raw material, supplies, and tools. The higher income would enable them to give their families a better quality of life. In regards to their credit history, considering this is their first loan, the members already have experience with solidarity groups and loans from other institutions similar to Fundación Agrocapital, and they are prepared to make their small business succeed since their families depend on it.
El grupo “La Santa Cruz” esta representado por la señora Olivia y conformado por 14 miembros los cuales van cursando su primer, pero a pesar de ello han demostrado ser gente trabajadora y con ganas de salir adelante. La mayoría de las socias se dedican a actividades como la venta de pan, comida, cosméticos, refrescos con empanadas y al transporte publico de pasajeros. Pese la competencia del mercado los socios saben como salir adelante es por esta razón que requieren del crédito para poder realizar inversiones de nuevos negocios como la crianza de animales que es mucho mas rentable y para ello necesitan mucho material, insumos y herramientas para poder generar mejores ingresos para poderles brindar a sus familias una mejor calidad de vida. En cuanto a la experiencia crediticia las socias ya cuentan con experiencia en grupos solidarios pese a que es su primer ciclo gracias a créditos en instituciones similares a la Fundación Agrocapital y están dispuestas a sacar adelante a sus pequeños negocios ya que de ello dependen 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.