The group "Progress E" is represented by Benedicta Rosa and consists of 12 members, who are dedicated to different activities such as the sale of groceries in neighbourhood supermarkets, the sale of cosmetics by catalogue, sale of vegetables, breakfast, clothes, and pharmacy attendants. A considerable percentage have permanent stalls, and the others are door to door who, even because of the competition increasing in the market, know how to move forward thanks to their experience and desire to move forward. The destiny of this finance is for the purchase of grocery items, consumables and tools that help in the growth of their businesses and go to the improvement of the quality of life of their families. In spite of being a new group, they are experienced with loans because of their knowledge of administering well the funds granted to them.
El grupo “Progreso E” se encuentran representados por la señora Benedicta Rosa y conformado por 12 miembros que en su mayoría se dedican a diferentes actividades como la venta D. abarrotes en tienda D. barrio, venta D. cosméticos por catálogos, venta D. verdura, desayuno, ropa y ala atención en farmacias. Un porcentaje considerable tiene puesto fijo y la otra parte son ambulantes por lo que la competencia se incrementa en el mercado pero todas saben como salir adelante gracias a su experiencia y sus ganas D. salir adelantes. El destino del financiamiento es para la compra D. mercaderías, insumos y herramientas que coadyuven en el crecimiento D. sus negocios y al mejoramiento D. la calida D. vida D. sus familias. A pesar D. ser un grupo nuevo cuentan con experiencia en créditos solidarios por lo que saben administrar bien los fondos otorgados.
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.