The "Santiago" Group is maD. up of 15 members, of which 3 are male. They have all worked together in previous loan cycles. Mrs. Ruth Mirnara is the group representative, and she along with her business associates make their living in various ways such as: clothing sales, auto parts, sewing, dressmaking, coffin making, food sales, hat making, tire sales, cosmetics sales, jewelry making, dairy products, public transportation services, handicrafts, neighborhood shops, etc. The members are entering their fourth loan cycle together. They have demonstrated responsibility and have maD. their payments, and have been a unified group. The loan is for working capital which their families depend on.
El grupo "Santiago" esta conformado por 15 siocios D. los cuales tres son verones los mismos que ha trabajado en anteriores ciclos, la señora Ruth Mirnara es la representante del grupo, ella al igual que sus demas compañeros (as) se dedica al comercio D. diferentes productos como la ropa, venta D. repuestops para autos, costura, confeccion D. polleras, fabricación D. ataudes para funeraria, venta D. comida, venta D. rellenos, venta y fabricación D. sombreros, venta D. llantas, venta D. cosmeticos, y elavoración D. joyas atesanales, venta D. lacteos y sus deribados, servicio publico D. trasporte, artesanias, tiendas D. barrios y otros. Las socias llevan cursando su cuarto ciclo juntas en los cuales demostraron responsabilidad y cumplimiento en sus pagos así como solidaridad para con los miembros D. su grupo. El crédito obtenido es para el aumento D. su capital D. trabajo D. la cuál dependen sus familias.
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.