Los Triunfadores Group
For example, the leader, Elizabeth, is a primary school teacher because she loves children. She is the mother of two children and is married. She strives to work hard, and gives private lessons so that she can earn more income to give her children a better quality of life.
In regards to the business environment, it is very competitive, since the market is full of products that customers can choose. That is why these members find it necessary to leave the center of the city to go to the outskirts so they can make more sales. In the case of the women who sell cosmetics, they only make sales door-to-door, and the market is saturated with salespeople, so they have to be involved in an additional business, like preparing hamburgers that they sell from their homes.
This loan will be used to repair the homes of some of these members, to repair and reupholster their cars, and to buy materials and ingredients to increase their incomes and meet the basic needs of their families. Since this is a new group, they don't have much experience in group loans, but they trust their fellow members and know that they are hard-working, capable people, with a strong desire to get ahead. That is why the Agrocapital foundation is giving them this economic support to help them grow and improve themselves.
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.
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Success!! The loan was 100% repaid