Las Frutillitas Group
Most of the women in the group have stable businesses, while others are public employees. Wilma, Josefa, Sussy, Julia, Patricia and N. all sell food (rice, cakes, prepared meals, salchipapas (French fries with hot dog slices), and sweets), Erick works as a driver, Encarnación sells macramé crafts, Julia and Rosely sell shawls, Denis works as a security guard, Rosmery sells knitted goods, Wendy fixes ovens, and N. Antonia sells bottles. Most of the group members plans to use this loan to buy more merchandise to sell, or to buy ingredients for cooking.
Las Frutillitas have never been late on their payments, so they were approved for this, their fourth loan. All of the group members are committed to repaying their loan, so that they can keep working with AgroCapital.
Translated and elaborated by Cynthia McMurry, Kiva Fellow
GRUPO CONFORMADO POR 14 PERSONAS QUE SE ESTABLECIERON DESD. EL PRIMER CICLO, EL GRUPO LAS FRUTILLITAS EMPIEZA EN EL AÑO 2007 DOND. LA SRA ROSELY R. CONFORMO EL GRUPO Y TODAS LAS SOCIAS LE DIERON EL NOMBRE D. LAS FRUTILLITAS POR QUE ESTE NOMBRE LES TRAJO MUY BUENOS RECUERSOS Y SUERTE EN OTRAS INSTITUCIONES
LA MAYORIA D. LAS SOCIAS TIENEN NEGOCIOS ESTABLES Y LA OTRA PARTE SON EMPLEADOS PUBLICOS POR LO QUE NUNCA EL GRUPO ENTRO EN MORA NI TUVO RETRASOS, POR LO QUE SE LES CONCEDIO EL PRESTAMO PARA ESTE CUARTO CICLO.
TODAS COMPROMETIENDOSE A LA CANCELACION D. SU DEUDA, PARA PODER SEGUIR TRABAJANDO CON LA INSTITUCION.
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