The Carolina Group is represented by Cinthia Paola and consists of 13 members, 11 women and 2 men. They all know each other because they live in the same neighborhood. Most of them make their income from commercial activities such as clothing sales, a neighborhood grocery store, food sold by a street vendor, bread making, a cleaning service, and liquor sales. There are a lot of competent people in these fields, so the members have to find different ways to sell merchandise and earn a better income to support their families. This loan from Kiva partner Fundación Agrocapital will be used to buy merchandise and ingredients to compete in the commercial market. The members have worked with supportive groups before, so they know about the work and responsibilities necessary for each loan.
EL GRUPO "CAROLINA" ESTA REPRESENTADO POR LA SEÑORA CINTHIA PAOLA Y CONFORMAN 13 SOCIAS DE LAS CUALES 11 SON MUJERES Y 2 HOMBRES, TODAS ELLAS SE CONOCEN ENTRE SI YA QUE RESIDEN EN EL MISMO BARRIO, EN SU MAYORÍA SE DEDICAN A ACTIVIDADES COMERCIALES COMO LA VENTA DE ROPA, ABARROTES EN TIENDAS DE BARRIO, VENTA DE COMIDA AMBULANTE, A LA ELABORACIÓN DE PAN, AL SERVICIO DE LIMPIEZA Y A LA VENTA DE LICORES. DENTRO DEL RUBRO COMERCIAL EXISTE MUCHA COMPETENCIA POR LO QUE LOS SOCIOS (AS) TIENE QUE BUSCAR MODOS DIFERENTES PARA PODER VENDER SU MERCADERÍA Y LOGRA UN MEJOR INGRESO PARA EL SUSTENTO DE SUS FAMILIAS. EL CRÉDITO OTORGADO POR LA FUNDACIÓN AGROCAPITAL ESTA DESTINADO AL INCREMENTO DE MERCARÍA E INSUMOS PARA PODER COMPETIR EN EL MERCADO COMERCIAL. LOS SOCIOS (AS) TRABAJARON ANTES CON GRUPOS SOLIDARIOS POR LO QUE CONOCEN DEL TRABAJO Y LA RESPONSABILIDAD QUE SE REQUIERE EN CADA FINANCIAMIENTO.
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.