The group "The Little Stars" is represented by Verónica Beatriz and consists of 13 members, seven of whom participated in the last loan cycle and six of whom joined for this loan cycle. The fact that they are in their second loan cycle speaks to their sense of reponsibility and punctuality in making their loan payments. The members, who all live in the same area, are involved in different business activities, including the sale of electrical appliances, cosmetics, groceries and food. They sell in a neighborhood where there is not much competition in their respective lines of business. For this reason, their sales frequently generate daily income for the members. The requested loan is intended for investment in the economic and business activities that pay for the group's daily household expenses. In the future, they hope to increase their earnings and to improve even further the quality of life of their families, providing them with a better education and the possibility of their children attending university.
El grupo “Las Estrellitas” esta representado por la señora Verónica Beatriz y esta conformado por 13 socias, D. las cuales 7 participaron en el ciclo anterior y 6 se incorporaron en este ciclo, es decir que se encuentran en un segundo ciclo demostrando responsabilidad y puntualidad en sus pagos. Los socios en general se dedican a diferentes actividades como ser venta D. electrodoméstico, venta D. cosméticos, venta D. abarrotes, venta D. comida, y viven en la misma zona. En cuanto a la competencia ellas venden en su barrio donD. no existe mucha competencia en sus rubros D. tal manera que sus ventas les generan ingresos diarios frecuentes. El crédito esta destinado a la inversión en sus actividades económicas o negocios ya que D. ello depenD. el sustento diario D. sus hogares. A futuro ellas esperan incrementar sus ganancias y mejorar mas aun la calidad D. vida D. sus familias otorgándoles una mejor educación y la posibilidad D. que sus hijos asistan a la universidad.
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.