The “Caracol” group is represented by Gladis and consists of fourteen members, who are in their first loan cycle. Most of the members have businesses, including, to name a few, sales of bread, gelatin, clothing, food, and empanadas; and activities, including sewing, bricklaying, nursing, and public transportation. Even though competition in their fields is high, they know how to move their businesses ahead. They’ll use the loan to grow their businesses by purchasing merchandise, supplies, and tools, so they can increase their incomes and proviD. their families a better standard of living. With respect to their experience with loans, the members are in their first loan cycle with the organization, but they are satisfied that it will proviD. economic support to help them generate more income and improve their families’ quality of life.
El grupo “Caracol” esta representado por la señora Gladis y conformado por 14 miembros los cuales can cursando su primer ciclo, en general los socios del grupo se dedican a actividades comerciales entre las que se pueden mencionar a la venta D. pan, gelatina, ropa, comida, empanadas y a actividades como la costura, albañilería, enfermería y al servicio D. transporte público. La competencia dentro D. sus rubros es alta, pese a eso saben sacar adelante la actividad económica a la que se dedican. El crédito esta destinado al crecimiento D. sus negocios con la compra D. mercaderías, insumos y herramientas para mejorar más sus ingresos que les permitirá darles a sus familias una mejor calidad D. vida. En cuanto a la experiencia crediticia las socias van cursando su primer ciclo dentro D. la institución pero están contentos D. que se les brinD. un apoyo económico que ayudada a generar mejores ingresos y a mejorar la calidad D. vida D. su familia
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.