The group "Valle del Sol" (Valley of the Sun) is represented by Mrs. Eufronia and is composed of 12 members, some of whom make a living performing activities like the sale of cosmetics, liquor, telephone cards, and fast food. In the business environment that they work in there is a lot of competition., especially in this time of financial crisis. In order to persevere, they must avoid the obstacles and work hard to retain the income of their businesses, which is the main source of income that supports their families. The loan will be used to purchase ingredients and materials so that the members will be able to increase their income and improve their quality of life. Despite the fact that this is the first time that the group receives financing the majority of the members have already participated in similar groups and they were able to prove that they are responsible and trustworthy with repaying loans.
(Translated by Thatcher of San Roque High School)
El grupo "Valle del Sol" esta representado por la señora Eufronia y compuesta por 12 miembros los cuales se dedican a diferntes actividades como a la venta D. cosméticos, licores, tarjetas telefónicas, a la serigrafía y a la venta D. comida rápida. Dentro del ámbito comercial siempre existe la competencia y en este tiempo D. crisis mas aun, pero la perseverancia D. los socios hace que sigan adelante sin importar los obstáculos ya que ellos representan el pilar fundamental en los ingresos D. sus familias. El destino del financiamiento es para la compra D. insumos y materiales para incrementar sus ingresos y mejorar la calida D. sus familias. A pesar D. como grupo es la primera ves que obtienen un financiamiento D. Agrocapital en su mayoría las socias integrantes ya participaron en grupos anteriores conformando uno nuevo ahora, en el cual demostraran la misma responsabilidad y cumplimiento con la 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.