The "Los Reyes" group is represented by Ms. Emilene and comprised of twelve members who sell different products like cosmetics, groceries, clothing, shoes and food, and others who work at different activities like baking pastries, child care and public transportation. Within the commercial sphere they must compete daily and in order to compete they must be able to depend upon high-quality, low-cost products. This is what keeps their sales stands running. The loan will be used to increase supplies and materials to improve their products and be able to increase their earnings and better the quality of life of their families. Even though this is their first loan with FUNDACIÓN AGROCAPITAL, they rely on a supportive group experience, knowledge of managing loaned funds, and also their responsibility and punctuality to fulfill their obligations.
EL GRUPO "LOS REYES" REPRESENTADOS POR LA SEÑORA EMILENE ESTA COMPUESTO POR 12 INTEGRANTES LOS CUALES SE DEDICAN A ACTIVIDADES DE COMERCIO DE DIFERENTES PRODUCTOS COMO COSMÉTICOS, ABARROTES, ROPA, ZAPATOS, COMIDA, Y OTROS SE DEDICAN A ACTIVIDADES COMO LA REPOSTERÍA, SERVICIO DE NIÑERAS Y AL TRANSPORTE PÚBLICO DE PASAJEROS. DENTRO DEL ÁMBITO COMERCIAL LA COMPETENCIA ES DE TODOS LOS DÍAS Y PARA PODER COMPETIR SE DEBE CONTAR CON PRODUCTOS DE CALIDAD Y A BAJO PRECIO ES ESTO LO QUE MANTIENEN EN PIE LOS PUESTOS DE VENTA. EL FINANCIAMIENTO ESTA DESTINADO AL INCREMENTO DE INSUMOS Y MATERIALES PARA EL MEJORAMIENTO DE SUS PRODUCTOS Y PODER INCREMENTAR SUS INGRESOS Y MEJORAR LA CALIDAD DE VIDA DE SUS FAMILIAS. A PESAR DE QUE LOS SOCIOS (AS) CURSAN SU PRIMER CICLO EN LA FUNDACIÓN AGROCAPITAL ELLOS (AS) CUENTAN CON EXPERIENCIA EN GRUPOS SOLIDARIOS Y SABEN COMO ADMINISTRAR LOS FONDOS A OTORGAR, ASÍ COMO LA RESPONSABILIDAD Y PUNTUALIDAD QUE SE REQUIERE PARA CUMPLIR CON SUS OBLIGACIONES.
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.