The group horizons es represented by Mrs. Edith. The majority of the group sells products like pills, food, and chocolates. The men sell services such as metal work, painting, soldering/welding, and public transportation. They are hard working people and responsible, so they are not afraid of the drops in the economy. This loan will serve to purchase more products to sell and increase revenues and therefore improve the members' ability to do business. In general, the members do not have much experience working with groups like this, but they are responsible people and they all know each other well, so they know they will go forth with capability and responsibility.
EL GRUPO "HORIZONTES" ESTA REPRESENTADO POR LA SEÑORA EDITH. EN SU MAYORÍA SE DEDICAN AL COMERCIO D. PRODUCTOS COMO PASTILLAS, COMIDA, ROPA CHOCOLATES Y ENTRE LOS VARONES SE DEDICAN A ACTIVIDADES COMO LA CHAPERÍA, PINTURA, SOLDADURA Y AL TRANSPORTE PÚBLICO. SON GENTE TRABAJADORA Y RESPONSABLE POR LO QUE NO TEMEN A LAS BAJAS DEL MERCADO. EL DESTINO DEL CRÉDITO ES PARA EL INCREMENTO D. INSUMOS Y MATERIALES A LA VENTA ASÍ COMO PARA LA MEJORA D. SUS HERRAMIENTAS D. TRABAJO. EN GENERAL LOS SOCIOS (AS) NO TIENEN MUCHA EXPERIENCIA EN GRUPOS SOLIDAR. PERO SON GENTE RESPONSABLE Y TODOS SON CONOCIDOS ENTRE SI POR LO QUE JUNTOS SABRÁN SALIR ADELANTE CON CAPACIDAD Y RESPONSABILIDAD.
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.