The "Rosa Linda" group is represented by Mrs. Yolanda and comprised of 14 members that are enrolled in their second loan cycle. The group is demonstrating responsibility and willingness to support their families through hard work and effort. The majority of members sell vegetables and the rest sell food, books, and proviD. public transportation services. Their businesses are located insiD. the central market that is very popular with the community. This past year all those with businesses at this market have seen a high level of sales.
The loan will be used to increase working capital and specifically to increase their merchandise so they can sell more fresh vegetables. This would help to improve the quality of life and education of their families so that they may bring a better future to their children.
El grupo “Rosa Linda” esta representado por la señora Yoyanda y conformada por 14 miembros que van cursando ya su segundo ciclo demostrando responsabilidad y ganas D. sacar adelante a sus familias con su trabajo y esfuerzo. Una mayoría D. los integrantes se dedican a la venta D. verdura y en una menor cantidad a la venta D. comida, libros y al transporte público D. pasajeros. Sus negocios están ubicados dentro del mercado central que es muy concurrido por la población, teniendo todo el año un buen nivel D. venta para todo quien tenga negocio en ese lugar. El destino del financiamiento es para el incremento D. su capital D. herbajo y especialmente para la adquisición D. mercadería parta la venta como verduras frescas en mayor cantidad los cuales ayudará a mejorar la calida D. vida y educación D. sus familias para poder brindarles un mejor futuro a 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.