La Fortaleza, Group 4
She is a seamstress and makes bedding items such as bedspreads, sheets, pillowcases and curtains. She makes different models to offer her customers when she visits them, but also accepts special requests. Her clients can pay her cash or take credit. In this case she arranges payment plans with her customers.
Armanda says that "preoccupations never cease to exist." She finds it challenging to sell enough merchandise to complete her loan payments and generate profits. She envisions her business as a house store with more variety. She wants to have a shop with employees that sew for her, and a secretary to take the orders. She would want to do this venture with her other group friends as business partners.
Please help us support Armanda and her friends. Thank you!
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.
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Success!! The loan was 100% repaid