The group 'Nuevo Milenio' is represented by Walter Santos and is comprised of 12 members, for whom the principal activity is the sale of products such as mobile phone accessories, stationery, cosmetics, groceries, sweets, and transport tickets. This group knows that competition exists, but this doesn't worry them as they now know how to work with their products. This loan is destined to increase their businesses and buy items of necessity and materials that improve the quality of their products, to increase their earnings and further improve the quality of life of their families. The members are in their third season in the institution, which is why they have experience as a supportive group and know how to meet their obligations with responsibility, honesty and a lot of enthusiasm to move forward.
El grupo "Nuevo Milenio" esta representado por el señor Walter Santos y conformado por 12 miembros D. los cuales su principal actividad es el comercio D. productos como accesorios D. celular, material D. escritorio, cosméticos, abarrotes, dulces y al servicio público D. pasajeros. Este grupo sabe que existe L. competencia pero no le da importancia ya que saben como trabajar con sus productos. El destino del crédito es para L. ampliación D. sus negocios y a L. compra D. insumos y materiales que mejoren L. calida D. sus productos para incrementar sus ingresos y mejora más aun L. calida D. vida D. sus familias. Los socios(as) Van cursando su tercer ciclo dentro D. L. institución por lo que tienen experiencia en grupos solidarios y saben como cumplir con sus obligaciones con responsabilidad, honestidad y muchas ganas D. salir adelante
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.