Yolanda represents the Renacer Group, which is comprised of 12 hard-working members. They are in their third cycle. They did have some problems with members who could not make their payments due to family problems. The group knew how to handle the situation by helping the members to make their payments while they were recuperating. Then they could return to getting together their working capital, thus demonstrating the unity and solidarity of the group.
The group has different commercial activities like selling food, cosmetics, groceries in neighborhood stores, and medical supplies. Some offer nursing and cleaning services.
As far as the competition goes, it is high. But, the members know how to get ahead thanks to their work experience and their desire to keep their business afloat. They do this because they depend upon their businesses for their families’ daily support.
The loan is to buy merchandise and supplies that will help generate better income so that the members can give their families a better quality of life.
El grupo “Renacer” esta representada por la señora Yolanda y conformada por 12 miembros muy trabajadores los cuales van cursando juntos ya un tercer ciclo en el cual tuvieron algunos problemas con socias las cuales no pudieron cancelar su cuota por problemas familiares, grupo supo llevar la situación ayudando a la socias a cancelar sus cuotas mientras se volvía a recuperar y volver a juntar su capital D. trabajo demostrando la unidad y solidaridad del grupo. Las socias tienen diferentes actividades comerciales como la venta D. comida, venta D. cosméticos, venta D. abarrotes en tiendas D. barrio, venta D. insumos médicos, servicios D. enfermería y limpieza. En cuanto al entorno competitivo es alta pero las socias saben como salir adelante gracias a su experiencia en su trabajo y también a sus ganas D. sacar a flote sus negocios ya que D. ello depenD. el sustento diario D. su familia. El destino del crédito es para la compra D. mercadería e insumos que ayudaran a generar un mejor ingreso para que las socias puedan dar a sus familias una mejor calidad D. vida.
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.