The group “Las Rosas” [“The Roses”] is lead by Mary Luz and consists of 13 people who by their majority have commercial businesses, such as, the sale of cosmetics through catalogs, food, beer, clothing, soldering services, and physical therapy. The group is in its third loan cycle and has demonstrated responsibility, punctuality, and a drive to get ahead despite competition; their income is the fundamental pillar that sustains their families. The new loan will be used to expand their business by acquiring merchandise, materials, and supplies that will improve the quality of their products so that they can become more competitive in the market and generate higher incomes that will allow them to give their families a better quality of life.
El grupo “Las Rosas“ están representados por la señora Mary Luz y conformado por 13 personas que en su mayoría se dedican al ámbito comercial como cosméticos por catálogos, comida, cerveza, ropa y al servicI. D. soldadura y fisioterapia. El grupo va cursando su tercer ciclo demostrando responsabilidad, puntualidad y ganas D. salir adelante a pesar D. la competencia ya que sus ingresos son el pilar fundamental para el sustento D. sus familias. El destino del nuevo financiamiento es para la ampliación D. sus negocios así como para adquisición D. mercadería, material se insumos que mejoren la calidad D. sus productos para ser mas competitivos en el mercado generando una mayor ganancia que les permitirá brindarles a sus familias una mejor calidad D. vida.
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.