For example, Carmen Silvia provides cleaning services, and is responsible for supporting her two daughters, since she doesn’t have any help from a husband. She starts working for the cleaning services at 6am each day. In the afternoons, she washes clothing at private homes. In the evenings, she teaches her daughters, because her greatest dream is for them to grow up to be working professionals. However, she has realized that she is unable to save money for her daughters’ future and so has decided to start selling hamburgers and sandwiches on the weekends in a park near the street where she lives. During the week, she will sell hamburgers from the door of her rental home.
Carmen, the group's president, has been working in commerce for the past 24 years, and sells different items according to market demand. She will use this loan to acquire to buy bulk merchandise in order to keep her costs down.
The other group members sell food, basic grocery items, bread, cosmetics and beauty products. Some of the male group members work as employees, carpenters, motorcycle taxi drivers, and carry out other activities in order to make progress in life and fulfill their obligations. There is a lot of competition within their respective fields, and all of these men and women are self-sacrificing and work hard in order to earn the income they need to support their families. The loan will be used to buy a variety of products for their businesses and improve the services they offer to their customers so that their businesses will generate more income and an improve their respective economic situations. Since this is a new group, they have received a training session and are content and satisfied to be Agrocapital clients. Some of the group members already have experience taking out similar loans from other institutions.
Por otra parte la presidenta que es la señora Carmen se dedica hace 24 años al comercio en general vendidendo todo tipo D. artículos D. acuerdo a la necesidades del mercado, el préstamo ella lo utilizará para adquirir mayor mercadería ya que así se pueden abaratar costos.
El resto D. los socios se dedica a la venta D. comida, venta D. abarrotes, venta D. pan, venta D. cosméticos y promotoras D. productos D. belleza; la actividad D. algunos varones del grupo es que son empleados, albañil, moto taxistas y distintas actividades que realizan para poder progresar y cumplir con sus obligaciones. La competencia en respeto a sus negocios es fuerte, ya que las señoras y caballeros trabajan duro y requiere un esfuerzo y un sacrificio, para obtener un ingreso capaz D. sustentar a sus familias. El crédito lo destinaran para poder surtir sus tiendas y comprar más productos y ofrecer mejores servicios a sus clientes para que a futuro tengan sus negocios con mayores ingresos y una mejor situación económica. Como es un grupo nuevo se les ha dado una capacitación que están satisfechas y contentas D. ser clientes D. Agrocapital pero algunas D. las socias ya poseen experiencia gracias a créditos similares en otras entidades.
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