The group "Mariposas" or "Butterflies" is represented by Señora María Esther, who, like the great majority of the members of group, has dedicated herself to the selling of products. The members are owners of stalls selling food, cosmetics, weavings, and different products according to the season. One of the members says that if the loan is obtained, it will be allocated to the re-opening of her tobacco stall, which she left because of illness. There is a lot of competition in the market, but there are people who know the area and her shop will do well without any problems. The loan is allocated to enlarge the shop's area, as well as increase the amount of supplies and merchandise for sale. The members of the Mariposas already have experience working with supportive groups for other loans, through which they know the responsibility that is implied in a group loan.
EL GRUPO "MARIPOSAS" ESTA REPRESENTADO POR LA SEÑORA MARÍA ESTHER, COMO UNA GRAN MAYORÍA D. LAS INTEGRANTES DEL GRUPO ELLA SE DEDICA AL COMERCIO D. PRODUCTOS. LAS INTEGRANTES SON DUEÑAS D. PUESTOS D. VENTA D. COMIDA , COSMÉTICOS, TEJIDOS Y DIFERENTES PRODUCTOS D. ACUERDO A LA TEMPORADA. UNA D. LAS SOCIAS CUENTA QUE LA OBTENCIÓN DEL FINANCIAMIENTO ESTARÁ DESTINADO PARA LA REAPERTURA D. SU PUESTO D. VENTA D. TABACO EL CUAL DEJADO POR CAUSA D. UNA ENFERMEDAD. EXISTE MUCHA COMPETENCIA EN EL MERCADO PERO SON GENTE QUE SABE D. SU RUBRO Y QUE PUED. SALIR ADELANTE SIN PROBLEMAS. EL FINANCIAMIENTO ESTA DESTINADO A LA AMPLIACIÓN D. SUS PUESTOS ASÍ COMO AL INCREMENTO D. INSUMOS Y MERCADERÍA PARA LA VENTA. LAS SOCIAS YA TIENEN EXPERIENCIA EN TRABAJOS CON GRUPOS SOLIDARIOS EN OTRAS FINANCIERAS POR LO QUE SABEN LA RESPONSABILIDAD QUE IMPLICA UN FINANCIAMIENTO GRUPAL.
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.