The "Quirquinchos" group is represented by Marbiel and consists of 16 members. They are in their second loan cycle in which they have demonstrated responsibility and shown their capacity to administrate the authorised funds from the AgroCapital foundation, demonstrating enthusiasm and wanting to continue working to improve their families' quality of life. The majority of the members work offering services but also in selling products such as glasses, clothes, catalogue cosmetics, jewellery and groceries in neighbourhood shops and sometimes according to the season. In the areas where they work there is a lot of competition and it for this reason that they work with loans to improve the quality of the products and to repair their work tools in order to offer a more efficient service.
El grupo "Quirquinchos" esta representado por la señora Maribel y conformado por 16 miembros, ellos van cursando su segundo ciclo en la cual demostraron responsabilidad y capacidad para administrar los fondos otorgados por la fundación Agrocapital demostrando entusiasmo y ganas de seguir trabajando para mejorar la calidad de vida de sus familias. La mayoría de los socios (as ) se dedica a la prestación de servicio pero también al comercio de productos como cristales, ropa, cosméticos por catálogos, joyas, abarrotes en tiendas de barrio otros de acuerdo a la temporada. Dentro del rubro en la que ellos se trabajan existe mucha competencia es por eso que trabajan con prestamos para mejorar la calidad de sus productos y a la reparación de sus herramientas de trabajo para la prestación de un servicio más eficiente.
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.