Juana G. is one of the oldest members. She remembers joining the association 13 years ago when her sister-in-law invited her. She needed capital to start a business. She then started selling meals. With the passage of time, she decided to changes businesses. She now weaves blankets, which allows her to have greater income.
Juana G. es una de las más antiguas integrantes, ella recuerda haber ingresado a la Asociación hace 13 años, cuando su cuñada la invitó, además tenía la necesidad de contar con un capital para emprender un negocio, en ese entonces, ella vendía comida pero con el pasar del tiempo decidió cambiar de negocio y hoy se dedica al tejido de mantas que le permite tener mayores ingresos.
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