The group “Santiago” are represented by Victoria and is composed of 15 members of which 3 are men and 12 are women. They sell CDs, new and second hand clothing, food, shoes and mobile phone accessories. Most of the members open their stores at 6 in the morning and close at 8 at night. Due to the competition in the market, they have to double their efforts to obtain more income as each one of the members represents the breadwinner of their families.
This loan will develop their businesses through the purchase of merchandise, raw materials and tools to increase their earnings, which will enable them to give their families a better quality of life. In regards to their loan experience, the members already have experience in solidarity groups, and though this is their first loan, thanks to loans maD. through similar institutions to Fundación Agrocapital they are ready and willing to keep their small businesses going as their families depend on them.
El grupo “Santiago” están representados por la señora Victoria y conformado por 15 miembros D. los cuales 3 son varones y 12 mujeres, ellos se dedican a la venta D. CDs, ropa nueva y usada, venta D. comida, zapatos y accesorios para celulares; una gran parte D. los socios realiza la apertura D. su negocios a la 6:00 D. la mañana y cierran a las 8:00 D. la noche debido a la competencia que existe en el mercado, debiendo realizar el doble D. esfuerzo para conseguir mas ingreso ya que cada uno D. las socias representa el pilar del sustento D. sus familias. El crédito esta destinado al crecimiento D. sus negocios con la compra D. mercaderías, insumos y herramientas para mejorar más sus ingresos que les permitirá darles a sus familias una mejor calidad D. vida. En cuanto a la experiencia crediticia las socias ya cuentan con experiencia en grupos solidarios pese a que es su primer ciclo gracias a créditos en instituciones similares a la Fundación Agrocapital y están dispuestas a sacar adelante a sus pequeños negocios ya que D. ello dependen sus familias.
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.