Elizardo Perez Group
This group engages in several activities such as sewing, weaving by machine, selling sports pants, hand-woven sweaters, jackets and others are engaged in carpentry. The group Luz y Vida affirms that it needs to generate more income, because what the members earn is not enough to support their families economically. This is why they need this loan to purchase merchandise in larger quantities.
Varias son las actividades que realiza este grupo algunas se dedican a la costura; otras realizan tejidos en maquina; venden pantalones deportivos; chompas tejidas a mano; chamarras, también otras se dedican a la carpintería.
La asociación Luz y Vida afirma que necesitan generar mayores ingresos, ya que lo que obtienen no les alcanza para mantener económicamente a sus familias, para esto necesitan de créditos para comprar mercadería en mayor cantidad.
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