The "Primavera" group is represented by José Raúl and is made up of 12 persons who are in their third loan cycle. The president of the group distributes bottled soft drinks within the province, the rest of the members sell hardware in stores or sell groceries in neighborhood stores or sell goods in general such as eggs, soft drinks, and cell phones. Because of their activities, they require capital so they can buy their products wholesale and in this way be able to lower their costs and compete in the marketplace with good quality merchandise. The members have prior experience working with Fundación Agrocapital and have high expectations to continue growing with this institution.
El grupo "Primavera" esta representado por el señor José Raúl y conformado por 12 personas que van cursando juntos ya su tercer ciclo, el presidente se dedica a la distribución de refrescos en botellas de plástico al interior del departamento, el resto de los socios venden artículos de ferretería en tiendas o se dedican a la venta de abarrotes en tienda de barrio y productos en general como huevos, refrescos y celulares. Por la misma actividad a la que se dedican requieren de capital para la obtención de productos al por mayor y así poder abaratar sus costos y competir en el mercado con mercaderías de buena calidad. Los socios cuentan con la experiencia de haber trabajado anteriormente con nuestra entidad teniendo grandes expectativas de seguir creciendo junto a nuestra institución.
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.