The "PARAÍSO" ("Paradise") Group is represented by Ms Mercedes. She is married and has four minor children. The other women in the group are also mothers with children under the age of five. For the most part, the members of the group sell clothes, vegetables, and a variety of meats. The men in the group work in public transportation. Generally, all the members have experience in their different businesses. They know that the growth of their businesses will require them to improve and increase the products they sell. For this reason they have decided to request a loan from Agrocapital. This will be the first group loan for some of the members, but they are responsible people who want to work in order to move ahead.
EL GRUPO "PARAÍSO" ESTA REPRESENTADO POR LA SEÑORA MERCEDES ELLA ES CASADA Y TIENE CUATRO HIJOS MENORES D. EDAD ; LAS DEMÁS SOCIAS TANBIEN SON MADRES D. FAMILIA, CON NIÑOS MENORES D. CINCO AÑOS. EN SU MAYORÍA LOS MIEMBROS DEL GRUPO SE DEDICAN AL COMERCIO D. ROPA, VERDURAS Y VARIEDAD D. CARNE, ENTRE LOS VARONES SE DEDICAN AL TRANSPORTE PÚBLICO. EN GENERAL TODOS LOS SOCIOS TIENEN EXPERIENCIA EN SUS DIFERENTES RUBROS SABEN QUE EL CRECIMIENTO DEL MERCADO LES EXIGE MEJORAR Y AUMENTAR MAS LOS PRODUCTOS A LA VENTA ES POR ESO QUE OPTARON POR UN FINANCIAMIENTO D. LA FUNDACIÓN AGROCAPITAL. PARA ALGUNOS EL TRABAJO EN GRUPOS SOLIDARIOS ES DESCONOCIDO PERO SON GENTE RESPONSABLE Y CON GANAS D. TRABAJAR PARA SALIR ADELANTE.
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.