The members of the “Clavelitos D. Padcaya” group, represented by Ms. Maria Estela, are all dedicated to their own small businesses such as food sales, neighborhood markets, a bookstore, bakeries, catalog cosmetics sales, and public transportation. This loan will be used to increase capital to expand their businesses and purchase the supplies needed to increase their income and improve the quality of life of their families. Two of the group members are related: Teresa and her daughter Raquel. They each have their own income, so there are not any problems within the group. They are all currently in the second loan cycle, demonstrating responsibility and the desire to get ahead in life. They are very hard-working people who have impeccable credit history. At the time that this picture was taken, Mr. Juan Renato was not able to attend, so he sent his wife.
Los socios del grupo “ Clavelitos D. Padcaya” representados por la señora Maria Estela se dedican a sus propios pequeños negocios como pensión D. comida, tiendas D. barrio, librería, panaderías, venta D. cosméticos por catálogos y al trasporte publico, el financiamiento esta destinado al incremento D. capital para ampliar sus negocios y a la compra D. insumos y materiales para incrementar sus ingresos y mejorar la calida D. vida D. sus familias. Existe un parentesco dentro D. grupo que son la señora teresa y su hija Raquel ambas tienen ingresos independientes por lo no estén problemas dentro del grupo. Van cursando juntos su segundo ciclo demostrando responsabilidad y muchas ganas seguir adelante tienen antecedentes crediticios impecables y son gente muy trabajadora. En el momento D. la fotografia el señor juan renato no asistio y mando a su esposa.
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.