The Kantutus group is represented by Bernardino and is maD. up of 16 members who operate various businesses including: clothing sales; fabric sales; footwear sales; cosmetics sales, sales of baked goods; taxi services; and construction services. As in all commercial endeavors, there's competition and offers to sell similar products at lower costs, so the members have to have products for which there's a lot of demand and sell them for less. One advantage for the group is that their businesses are located outsiD. of the city which gives them greater opportunities to sell. The disadvantage of that for them is that their children can only get a rural education. They hope to send their children to the city where they would receive a better education. The loan will be used to buy merchandise and supplies to meet the demands of the market. The members will be completing their third cycle so they know how to work within a cooperative and have demonstrated the responsibility and honesty required to get financing like that provided by Fundacion Agrocapital.
EL GRUPO "LAS KANTUTAS" ESTA REPRESENTADO POR EL SEÑOR BERNARDINO Y CONSTITUIDOS POR 16 MIEMBROS LOS CUALES SE DEDICAN AL COMERCIO D. PRODUCTOS COMO ROPA, TEJIDOS, SANDALIAS, COSMÉTICOS A LA ELABORACIÓN D. PAN, AL TRANSPORTE PÚBLICO Y A LA CONSTRUCCION D. VIVIENDAS. COMO EN TODO RUBRO COMERCIAL SIEMPRE EXISTE LA COMPETENCIA Y LA OFERTA D. PRODUCTOS A BAJO COSTO, POR LO QUE LOS SOCIOS (AS) TIENEN QUE TENER LOS PRODUCTOS D. MAYOR DEMANDA A MENOR PRECIO, UNA D. LAS VENTAJAS DEL GRUPO ES QUE SUS PUESTOS D. VENTA SE ENCUENTRAN ALEJADOS D. LA CIUDAD POR LO QUE TIENEN MAYOR POSIBILIDAD D. VENTA, PERO LA DESVENTAJA D. ELLO ES LA EDUCACIÓN RURAL PARA SUS HIJOS POR LO QUE ELLOS TIENE LA ESPERANZA D. ENVIAR A SUS HIJOS A LA CIUDAD EN DOND. RECIBIRÁN UNA MEJOR EDUCACIÓN. EL DESTINO DEL CRÉDITO ES PARA EL INCREMENTO D. MERCADERÍA E INSUMOS PARA CUMPLIR CON LAS DEMANDAS DEL MERCADO. LOS SOCIOS VAN CUMPLIENDO SU TERCER CICLO POR LO QUE CONOCEN DEL TRABAJO CON GRUPOS SOLIDARIOS ASÍ COMO LA RESPONSABILIDAD Y HONESTIDAD QUE SE REQUIERE PARA UN FINANCIAMIENTO COMO EL OTORGADO POR LA FUNDACIÓN AGROCAPITAL.
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.