Angélica represents the Perlas y Diamantes group, which is comprised of 12 members. They are in their second cycle with the Institution. They demonstrate responsibility, honesty, and the desire to get ahead in order to keep growing with the economic support the Institution offers them. The majority of the members sell products like clothes, party favors, cosmetics, food, and sweets. They also are involved in activities like maid service and running Internet cafes.
The effort they have been making since their first cycle is recently starting to bear fruit. The newly needed loan is for business growth and an increase in merchandise to be able to offer a better quality and more competitive product to the market.
The members’ expectations are to have a productive business that gives their families a better quality of life and a better education for their children.
El grupo “Perlas y Diamantes” están representadas por la señora Angélica y conformada por 12 miembros ellas van cursando su segundo ciclo con la institución demostrando responsabilidad, honestidad y ganas D. salir adelante para seguir creciendo con el apoyo económico que se les brinda la institución. La mayoría D. las socias se dedican a la venta D. productos como ropa, cotillones, pan, cosméticos, comida, dulces y al servicio domestico y a la atención D. cafés Internet. El esfuerzo que vienen realizando desD. su primer ciclo recién empiezan a tener frutos por lo que le nuevo requerimiento del crédito estar destinado al crecimiento D. sus negocios y al incremento D. su mercadería para ofrecer al mercado un producto D. mejor calidad y mas competitivo. Las expectativas D. las socias es tener un negocio productivo que les brinD. a sus familias una mejor calidad D. vida y una mejor educación para sus hijos.
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.