The FLORIDA group, represented by Olga, is a group of 17 partners, of which 16 are women and one is male. They are very responsible people with an enthusiastic work ethic who are very committed to their institution. The majority of the female partners sell fast food on the streets of their neighborhoods; others sell shoes, groceries, vegetables and soft drinks, and the male partner builds houses. In general, they already have experience with group solidarity, and are now enrolling in their second loan cycle with Fundación Agrocapital. In the previous cycle, they demonstrated responsibility and cooperation. These finances will be used to increase the mobile food sales and to improve their small businesses to ensure the wellbeing of their families. There are some family relations among the partners, but each has economic independence.
El grupo FLORIDA esta representado por la señora Olga es un grupo D. 17 socios(as) D. los cuales 16 son mujeres 1 varón; son personas muy responsables con ganas D. trabajar entusiastas y muy comprometidas con la institución. La mayoría D. sus socias venden comida rápida en las calles D. sus barrios, también se dedican a la venta D. zapatas, abarrotes, verduras refrescos y cotillones el varón se dedica a la construcción D. viviendas. En general ya tienen experiencia cono grupo solidarios ya que van cursando su segundo ciclo en la Fundación agrocapital, en el anterior ciclo demostraron responsabilidad y cooperación. El destino del financiamiento es para el incrementar su negocio D. ventas D. comida ambulante y a la mejora D. sus pequeños negocios para poder velar por el bienestar D. su familia. Existen parentescos familiares entre los socios (as) pero todos tienen independencia económica.
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.