The group "Virgen de Caguay" is represented by Jacinta. Two members of the group are related: Giovanna and Iván are siblings but their incomes are entirely independent. The members have a variety of businesses: food sales, red meat, homemade juices, public transportation, carpet sales and cosmetics' sales. The loan will be used to buy more goods and foodstuffs for resale as well as to improve the tools for work. Most of the members have a good credit history with other financial institutions known as solidarity groups. Some of the group members have already worked with Agrocapital and shown that they are responsible, having repaid previous loans on time.
En el grupo "Virgen de Caguay" esta representado por la señora Jacinta, dentro del grupo existe un parentesco consanguíneo entre la señora Giovanna uy el señor Iván ellos son hermanos pero ambos tienen ingresos totalmente independientes uno del otro. Los socios (as) tienen diferentes actividades comerciales como la venta de comida, carne roja, jugos caseros, frutas, transporte público, venta de alfombras y cosméticos. El crédito esta destinado al incremento de mercadería e insumos para la venta así como al mejoramiento de las herramientas de trabajo. La mayoría de los socios cuentan con buenos antecedentes crediticios en otras entidades financieras por lo que conocen de grupos solidarios, en general alguno de los miembros del grupo ya trabajaron con la fundación Agrocapital demostrando responsabilidad y cumpliendo a la hora de los pagos del 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.