The Pedro Lorenzo group is represented by Mary Luz. The members who make up the group are people who know each other from the neighborhood. All of them guarantee and promise that they will repay the total loan punctually. All of the members are dedicated to selling different products such as clothing, cosmetics, cooking, food, refreshments, kebabs, fruit, candy, sodas, and groceries. Like all things in business, there is competition in the different areas where they work. However, the common goal is to progress with their businesses so that they can improve their families' standard of living. The loan is destined to be invested in stock and material for selling as well as improve the quality of products for their shops. The majority of the members already have experience in joint groups so they know how to manage their funds well.
EL GRUPO "PEDRO LORENZO" ESTA REPRESENTADO POR LA SEÑORA MARY LUZ, LOS SOCIOS (AS) QUIENES CONFORMAN EL GRUPO SON PERSONAS QUE SE CONOCEN DEL BARRIO. TODOS ELLOS SE GARANTIZAN Y SE COMPROMETEN EN PAGAR EL TOTAL DEL FINANCIAMIENTO PUNTUALMENTE. TODAS LOS SOCIOS (AS)SE DEDICAN AL COMERCIO D. DIFERENTES PRODUCTOS COMO SER: VENTA D. ROPA, PRODUCTOS COSMÉTICO, COCINERA, VENTA D. COMIDA, VENTA D. BARRIO, VENTA D. REFRESCOS Y ASADITOS, VENTA D. FRUTAS, VENTA D. DULCES Y REFRESCOS, VENTA D. ABARROTES. COMO EN TODO RUBRO D. COMERCIO EXISTE LA COMPETENCIA EN LAS DIVERSAS ACTIVIDADES QUE DESEMPEÑAN PERO EL OBJETIVO ES COMÚN ES EL D. PROGRESAR EN SUS NEGOCIOS PARA MEJORAR EL SUSTENTO D. SU FAMILIA Y SU CALIDAD D. VIDA. EL DESTINO DEL CRÉDITO ES PARA EL INCREMENTO D. INSUMOS Y MATERIALES A LA VENTA ASÍ COMO PARA MEJORAR LA CALIDAD D. LOS PRODUCTOS PARA SUS PUESTOS D. VENTA. LA MAYORÍA D. LOS SOCIOS (AS) YA TIENE EXPERIENCIA EN GRUPOS SOLIDARIOS POR LO QUE SABEN ADMINISTRAR BIEN SUS FONDOS.
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.