The group “Las Gramas” is represented by Mrs. Ruth Rosaylain and it is comprised of 17 members. There are kinships within the group like Mrs. Aleida and her daughter Yessenia. Both have their own business and there is no economic dependency between them. The members sell food like majadito (a mixture of beef jerky and rice served with a fried egg and a banana), locro (a dense, rice-based soup of chicken and vegetables), fried and baked chicken, selling makeup and groceries in the market, dairy and clothing for men and women. The loan will be used to buy materials and primarily invest in tools to help them do their job more efficiently. This is their first group loan and from the meetings they have, it seems that they are very responsible and enterprising people.
El grupo “Las Gramas” están representadas por la señora Ruth Rosaylain y conformada por 17 miembros dentro del cual las señora Aleida y Yessenia tienen negocios propios por lo que no existe dependencia económica. Los socios se dedican a la venta D. comida, como majadito ,logro ,pollo frito al horno, venta D. cosméticos, venta D. abarrote en el mercado, lácteos, ropa para ambos sexos. El destino del financiamiento es para compra D. materiales y principalmente insumos y herramientas que ayuden realizar un trabajo más eficiente y eficaz. Este es su primer crédito comunal que adquieren como grupo se ve en las reuniones que son gente responsable y con ganas D. salir adelante.
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.