The group "Nueva Tilata" is completing its third loan cycle and is represented by Edgar, who is the only man in the group. He along with his colleagues in the group are hard-working and honest as demonstrated by their previous loan cycles. The group members work at activities such as urban public transport, clothing sales, cellular phones, and a majority have jobs selling school supplies in the streets and in city markets. The abilities of this group are very strong and so they require the loan to increase their merchandise. This will grow their businesses and in this way will improve the quality of life for their families, which has already been happening with the financing previously granted by the Agrocapital foundation.
El grupo “ Nueva Tilata “ se encuentra cursando su tercer ciclo y representado por el señor Edgar quien es el único varón del grupo, el al igual que sus compañeras D. grupo es un hombre trabajador y honesto como lo han demostrado en sus anteriores ciclos. Los socios (as) se dedican a actividades como el transporte público urbano, a la venta D. ropa, celulares, una mayoría tienen puestos D. venta D. material escolar en las calles y en las ferias D. la ciudad. La competencia en este rubro es muy fuerte por lo que necesitan el crédito para incrementar su mercadería y hacer crecer sus negocios para mejorar la calidad D. vida D. sus familias como ya lo han ido haciendo con anterioridad con los financiamientos otorgados por la fundación Agrocapital.
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.