The “Paraíso” (Paradise) Group is led by Sra. María Jaqueline and consists of ten members who know each other very well. This is not the first time they have participated together in a solidarity group loan. Most of the members have retail businesses selling products such as children’s clothing, groceries, cosmetics through catalog orders and on-demand, and hairstyling services. The male group members are primarily involved in public transportation, residential house painting, and management of an Internet café. The markets in which they work are very competitive, so the members are continually improving their products and services so that they won’t be surprised by their business rivals.
Most of the members will use their loans to improve their business by paying for supplies, materials, and improvements to their equipment, such as repainting their vehicles. Others will buy inventory in bulk to sell such as groceries and clothing. The members are starting their third loan cycle with the Institution. They have demonstrated that they are capable of completing their payments on time and becoming successful on behalf of their families.
El grupo “Paraíso” esta representado por la señora María Jaqueline y conformada por 10 miembros los cuales se conocen muy bien ya que no es la primera vez que trabajan bajo esta modalidad D. créditos solidarios como grupo. La gran mayoría D. las socias se dedica al comercio D. productos como ropa para niños, abarrotes en tiendas D. barrio, cosméticos D. forma ambulante o por medio D. catálogos, servicio D. peluquería, entre los varones se dedican muchos se dedican al transporte D. público, servicio D. pintura D. viviendas y la atención D. café Internet. El mercado en el que trabajan es bastante competitivo por lo que los socios continuamente van mejorando sus productos y mejorando sus servicios para no dejarse sorprender por la competencia. La mayoría D. los socios destinará el crédito al mejoramiento D. sus negocios así como a la compra D. insumos, materiales y a mejorar sus herramientas D. trabajo, como pintura nueva para sus vehículos, compra D. materiales al por mayor como abarrotes y mayor material para la venta D. ropa. Dentro D. la institución los socios van cursando su tercer ciclo demostrando pagos puntuales y ganas D. sacar adelante a sus familias.
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.