“Rinconcito del cielo” (a little corner of heaven) is a community association that belongs to the Centro Focal Panamericana. They have belonged for approximately 5 years. One of the founders of the group is Sofia M. who is currently the president. She says that they joined together for the need for access to credit and to begin their own business that will allow them to generate income to provide food, clothing and shelter to their families. Currently all of them have their own businesses such as selling food, shoes, candles, potatoes, cheese, bags, fruits and sewing skirts. They need the loan to buy merchandise (shoes, candles, potatoes, cheese, bags, tangerines, oranges and fabric).
They are very pleased to share and say that they are forgetting their problems.
“Rinconcito del cielo” es una Asociación Comunal que pertenece al Centro Focal “Panamericana”, están juntas hace aproximadamente 5 años, una de las fundadoras del grupo es Sofía M., que actualmente es la presidenta, cuenta que se agruparon por la necesidad de acceder a un crédito y de iniciar un negocio propio que les permita generar ingresos para darles alimentación, vestimenta y techo a sus familias. Actualmente todas tienen sus propios negocios como la venta de comida, zapatos, velas, papa, queso, maletines, fruta y confección de faldas y necesitan el préstamo para comprar mercadería (zapatos, velas, papa, queso, maletines, mandarina, naranja y tela).
A ellas les agrada mucho compartir, dicen que se olvidan de sus problemas.
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.