Querer Es Poder Group
Rita enjoys participating in the meetings with her group because it is a moment of relaxation and recreation to share with friends and forget about problems. She also likes to attend the large meetings to get a general overview. The members of her group for the most part work in the sale of clothing like overcoats, jackets, pants, and other articles. They assure that they will use the loan for the purchase of merchandise.
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