The "Nueva Generación" group is represented by Margarita and made up of 14 members who for the most part sell fast foods at all types of events, some are retired and others sell pork wholesale. They have a lot of competition but the good quality of their food and their experience mean that the members have enough daily revenue to support their families. The loan will be used to buy ingredients and tools to improve the quality of their food and the speed with which they can serve their customers. Most of the members are in their third loan cycle and have proven responsibility in repaying their previous loans.
El grupo "Nueva Generación" esta representado por Margarita y compuesto por 14 miembros que ensu mayoría se dedican a la venta decomidas rapidas en todo tipo de acontecimiento, hay quienes tienen su pensión y otras venden carne de cerdo al por mayor. Dentro del amabito comercial existe gran competencia de ofertas y demandas pero la buena calidad de lacomida y su experiencia hacen que las socias tengan ingreso diarios para el sustento de sus familias. El credito esta destinado a la compra de insumos y herramientas para mejprar la calidad de su comida y la rapidez de la atencion de los clientes. Una Mayoria de los socios (as) van cursando su tercer ciclo demostrando reponsabilidad y cumplimiento en su pagos.
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.