The group Amigas por Siempre (Friends Forever) is in their second loan cycle and are represented by Mrs. Edith Julia; they have demonstrated responsibility and accomplishment in their previous cycle as they have had experience with support groups before. In general, the members work selling appliances, clothing, athletic shoes, backpacks, food, and toys and the men work in service or public transport businesses. The group members know that the market is large and there is a lot of competition, but years of experience have taught them that dedication and consistency help businesses to continue to grow. The loan from the Agrocapital Foundation will help them purchase products and ingredients to stock their businesses with high quality materials and to repair their tools.
El grupo "Amigas por Siempre" se encuentra en su segundo ciclo representados por la señora Edith Julia han demostrado responsabilidad y cumplimiento en su anterior ciclo teniendo experiencia en grupos solidarios. En general los socios (as) se dedican a la venta de electrodomésticos, ropa, zapatillas deportivas, mochilas, comestibles, peluches y los varones a la prestación de servicios y al transporte público. Los socios (as) saben que el mercado es amplio y que la competencia es grande pero los años de experiencia les han demostrado que cuando se tiene dedicación y constancia al negocio siempre se sale adelante. El destino del financiamiento otorgado por la fundación Agrocapital es para la compra de productos e insumos para estocar sus comercios con material de buena calidad y para la reparación de sus herramientas de trabajo.
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.