The president of the loan group "Bonanza" is Patricia C. E.. She is single and has four children under the age of 12. She is a lively and very capable person, much like all her group members, all of whom are responsible. The majority of the members make a living selling items such as clothing, fruits, food, cosmetics, while others dedicate themselves to baking bread, repairing computers and as domestic servants. The members have a lot of experience selling their products and in this group form they administer the funds well so they can fulfill their promises. This is the first time they have worked with Kiva partner Fundación Agrocapital, but they have previous experience with loan groups so they know the responsibility required. The loan will be used to purchase more supplies and/or ingredients so they can improve the quality of the products they sell or make.
EL GRUPO "BONANZA" TIENE COMO PRESIDENTA A LA SEÑORA PATRICIA ELLA ES SOLTERA Y TIENE CUATRO HIJOS MENORES DE 12 AÑOS, ELLA ES UN APERSONA ÁGIL Y MUY CAPAZ AL IGUAL QUE TODOS SUS COMPAÑEROS (AS) DE GRUPO YA QUE TODOS SON RESPONSABLES Y CUMPLIDAS. EN SU MAYORÍA SE DEDICAN AL COMERCIO DE ROPA, FRUTAS, COMIDA, COSMÉTICOS OTROS SE DEDICAN A ACTIVIDADES COMO A LA ELABORACIÓN DE PAN, REPARACIÓN DE COMPUTADORAS Y AL SERVICIO DOMESTICO. ELLOS (AS) TIENEN MUCHA EXPERIENCIA EN LA VENTA DE PRODUCTOS DE ESA MANERA ADMINISTRAN BIEN SUS FONDOS PARA PODER CUMPLIR CON LOS COMPROMISOS, ES LA PRIMERA DE VEZ QUE TRABAJAN CON LA FUNDACIÓN AGROCAPITAL PERO TIENE EXPERIENCIA EN GRUPOS SOLIDARIOS POR LO QUE SABEN DE LA RESPONSABILIDAD QUE CUALQUIER FINANCIAMIENTO REQUIERE. EL DESTINO DEL CRÉDITO ES PARA EL INCREMENTO DE PRODUCTOS E INSUMOS PARA LA VENTA ASÍ COMO PARA LA MEJORA DE LA CALIDAD DE SUS PRODUCTOS ELABORADOS.
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.