Las Alegrías Group
In the commercial sector there is always competition, so the group needs to work hard to make sure their products are of high quality. This is why they need the loan, to acquire more merchandise, materials and supplies such as tools for high-quality work and a more competitive product. Having better income will make it possible to proviD. their children with better education and a higher quality of life. In regards to the members' credit reports, it can be verified that they have good credit history and are considered punctual and responsible in making loan payments.
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