The group “San Felipe” is represented by Mrs. Maura. In general the members of this group work selling clothes, make up, groceries and some work sawing clothes and creating masks. They are all very responsible people as proven before. They know that work on the market has lots of competition, but they have years of experience working on it and know supply and demand principles. They will use the loan to increase their inventory to be ready for the holiday season, when they hope they will increase sales and their income to help their families.
El grupo “San Felipe” esta representado por la señora Maura, en general los integrantes del grupos se dedican al comercio de prendas de vestir, cosméticos, masitas, abarrotes y algunos se dedican a la confección de prendas de vestir y mascaras o caretas. Son gente responsable como lo demostraron en anteriores ciclos. Ellas saben que el trabajo en el mercado tiene mucha competencia pero tienen años de experiencia trabajando en el rubro y conocen la modalidad del mercado de la oferta y la demanda. El destino del financiamiento es para incrementar su mercadería así como a la compra de herramientas de trabajo para mejorar sus pequeñas tiendas ya que la época navideña existe más posibilidad para incrementar sus ventas y sus ingresos para el sustento de su familia.
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.