“Amanecer” (Dawn) is a group of eight women who hold their meetings at the Panamericana Community Center. They joined together because they wanted to access loans to increase their working capital. The members are engaged in businesses selling clothing, woven blankets, sweaters, timber, vegetables, chili peppers, and groceries. They are aware that they have several competitors and have worked to become better than them by serving their customers in the best manner and offering them quality products. The group leaders conduct their meetings in an orderly manner.
“Amanecer” es un grupo de 8 señoras que asisten a sus reuniones en el Centro Focal “Panamericana”, se agruparon por la necesidad de acceder al préstamo ya que todas necesitan incrementar su capital de trabajo dedicándose a la venta de ropa, tejido de mantas, chompas, venta de madera, venta de verduras, venta de ají, atención de tienda de barrio. Ellas están concientes de que tienen varias competidores y tienen que ser mejores que ellos, atendiendo a las clientas de la mejor manera y ofreciendo productos de calidad. Liderizadas por su mesa directiva desarrollan su reunión de manera ordenada.
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.