The Paraizo group is made up of people who live in the same neighborhood (Paraizo) in Saavedra. The members all know one another and operate businesses selling products such as clothes, food and cold drinks and, by the men, taxi services. This group is willing and able to grow their businesses. They are responsible men and women and they've all demonstrated their willingness to comply with the requirements of our institution.
El grupo "Paraizo" esta compuesto por persona que viven en el mismo barrio (barrio Paraizo) de la comunidad de saavedra, donde todas las socias se conocen y se dedican a la actividad del comercio como ser venta de ropa, venta de comida, venta de refrescos y los hombres trabajan de moto taxistas. este grupo tienen la mentalidad de crecer en sus actividades del comercio y son personas muy responsables que están dispuestos a cumplir con nuestra entidad y así demostrar la capacidad de pago que tienen cada una de ellas.
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.