The members of the “Las Gaviotas” (The Seagulls) group, represented by Ms. Silvia, sell clothing and cosmetics, and manage general stores. The male group member works as a public transportation driver. As in all commercial spheres, there is always competition in the market, especially because of supply and demand. However, these members are hard-working and enterprising people who know how to get ahead under any circumstance. The loan will be used to increase merchandise and supplies. The male group member will use the money to repair his vehicle’s engine. The majority of the members have previously participated in other solidarity groups, which means that they know about the operational moD. at Fundación Agrocapital, demonstrating responsibility and punctuality.
LAS SOCIAS DEL GRUPO "LAS GAVIOTAS" SON REPRESENTADAS POR LA SEÑORA SILVIA. EN GENERAL ELLAS (OS) SE DEDICAN AL COMERCIO D. ROPA, COSMÉTICOS Y TIENDAS D. ABARROTES Y EL SOCIO PARTICIPANTE ES TRANSPORTISTA PÚBLICO. COMO EN TODO RUBRO COMERCIAL SIEMPRE EXISTE LA COMPETENCIA EN EL MERCADO EN ESPECIAL POR CAUSA D. LA OFERTA Y LA DEMANDA D. PRODUCTOS PERO ELLOS (AS) SON GENTE TRABAJADORA Y EMPRENDEDORA POR LO QUE SABEN SALIR ADELANTE ANTE CUALQUIER CIRCUNSTANCIA. EL DESTINO DEL FINANCIAMIENTO ES PARA EL INCREMENTO D. MERCADERÍA E INSUMOS A LA VENTA EN EL CASO DEL SOCIO LE SERVIRÁ PARA LA REPARACIÓN DEL MOTOR D. SU VEHÍCULO. LOS SOCIOS (AS) EN SU MAYORÍAS YA PARTICIPARON D. ANTERIORES GRUPOS SOLIDARIOS POR TANTO CONOCEN LA MODALIDAD D. TRABAJO EN LA FUNDACIÓN AGROCAPITAL EN LA CUAL DEMOSTRARON RESPONSABILIDAD Y PUNTUALIDAD.
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.