The "Valle del Sol" [Sun Valley] group is represented by Ms. Eufronia. It's maD. up of 10 members that deal in the commercialization and sale of products such as cosmetics, underwear, cell phones, CD's and food. They also offer their services in hostels. They are mostly peddlers, although some have fixed stalls precariously set up in their homes.There's a lot of competition in the market but the members of the group are able to move their stalls and diversify their merchandise in order to find a way to recover their capital and obtain the daily income needed to sustain their family. The loan will be dedicated to increase their capital to purchase prime matter and merchandise to expand their businesses and obtain larger and better earnings. Regarding the experience of the members, they are currently in their second loan cycle together, and they have proved their responsibility and honesty in their repayments. Each of the members has a view of the future in which they make their businesses grow and offer their children a better education and quality of life.
El grupo “Valle del Sol” esta representado por la señora Eufronia y conformada por 10 miembros los cuales se dedican a la comercialización y venta D. productos como cosméticos, ropa interior, celulares, CDs, comida y a la atención en hostales en el mercado como ambulantes, en algunos poseen puestos fijos habilitados precariamente en sus domicilios. La competencia existe en el mercado pero los socios tienen la capacidad para mover su puesto o diversificar su mercadería para encontrar la forma D. rescatar su capital y obtener la ganancia diaria que necesita su familia para su sustento. El crédito esta destinado al incremento D. capital para realizar compra D. materiales y mercadería para agrandar sus negocios y obtener una mejor y mayor ganancia. En cuanto a la experiencia D. los miembros ellos van cursando su segundo ciclo juntos demostrando responsabilidad y honestidad en sus pagos, cada una D. las socias tiene una visión a futuro D. hacer crecer sus negocios y brindarles a sus hijos una mejor educación y 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.