The group, El Trapiche, is represented by Elvira. The majority of the group members are in their third cycle, (showing) responsibility in completing their loan payment plans. They are hardworking people with dreams of growing their businesses of selling cosmetics, vegetables, gas, and seasonal items, as well as providing public transportation.
The loan will be used to buy materials needed for their businesses. The members have experience in groups like this and have already worked with Kiva partner Fundacion Agrocapital several times, so they have gained the Foundation's confidence thanks to their honor and determination in their work.
El grupo "El Trapiche" esta representado por la señora Elvira. La mayoría D. los miembros del grupo se encuentra cursando su tercer ciclo con responsabilidad y cumpliendo con sus planes D. pago, son gente trabajadora y con ganas D. crecer en sus negocios D. venta D. cosméticos. verdura, gas, comercio D. productos D. la época y los dedicados al transporte público. El destino del Financiamiento es para la compra D. materiales e insumos y a la reparación D. las herramientas D. trabajo actuales. los socios (as) tienen experiencia en grupos solidarios ya que llevan con la Fundación agrocapital ya varios ciclos por lo que se han ganado la confianza gracias a su honradez y empeño en su 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.