The members of the King of Kings Group are represented by the president, Mrs. Rosa. Mrs. Dunia and Elizabeth are sisters and the daughters of Hermosinda. Both of them have independent business, so they were considered for this group. These integral women sell food and clothes, promote Avon and Yambal beauty products, are tailors and screen painters, sell groceries, own a bakery, and are hairdressers. The men are screen painters and welders. They have also had their own car for over a year. As in the entire commercial field, there always exists the competition of supply and demand. According to all of the members, the loan granted to them by the foundation will be used to expand their businesses. The majority of the members have worked with foundations or financial organizations, from which they have experience in supportive groups. With respect to Agropital, the members belong to the first cycle.
LOS SOCIOS DEL GRUPO REY D. REYES REPRESENTADA POR LA PRESIDENTA SRA ROSA. LA SRA. DUNIA Y ELIZABETH SON HERMANAS E HIJAS D. HERMOSINDA AMBAS CUENTAN CON NEGOCIOS INDEPENDIENTES POR LO QUE FUERON CONSIDERADAS PARA CONFORMAR EL PRESENTE GRUPO. LAS INTEGRANTES MUJERES SE DEDICAN A LA VENTA D. COMIDA, ROPA, PROMOTORAS D. AVON, YAMBAL, SASTRERIA, SERIGRAFIA, ABARROTES, PANADERIA, PEINADORAS. EN CASO D. LOS VARONES SE DEDICAN A LA SERIGRAFIA Y A LA SOLDADURA, TAMBIÉN CUENTAN CON AUTO PROPIO DESD. HACE MÁS D. 1 AÑO. COMO EN TODO RUBRO COMERCIAL SIEMPRE EXISTE LA COMPETENCIA D. LA OFERTA Y LA DEMANDA. SEGÚN EXPRESIONES D. TODOS LOS SOCIOS(AS) EL CREDITO OTORGADO POR LA FUNDACIÓN ES PARA LA AMPLIACION D. SUS NEGOCIOS.LA MAYORIA D. LAS SOCIAS HAN TRABAJADO CON FUNDACIONES O ORGANIZACIONES FINANCIERAS POR LO CUAL CUENTAN CON EXPERIENCIA EN GRUPOS SOLIDAR.. POR LO QUE RESPECTA A AGROPITAL LAS SOCIAS PERTENECEN AL PRIMER CICLO.
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.