Rincon Portada Group
They sell vegetables, cheese, socks, chicken, and hand woven clothes. They also make handicrafts, popcorn, and mattresses.
The Rincón Portada association now needs to buy merchandise and raw materials to increase their production and sales. They are sure that they will obtain better earnings.
Se dedican a la venta de verduras, queso, medias, carne de pollo, ropa tejida a mano, también realizan tejidos artesanales, elaboran pipocas (palomitas de maíz) y también confeccionan colchones.
Ahora la asociación Rincón Portada necesita comprar mercadería y materia prima para aumentar su producción y posteriores ventas, tienen la seguridad que obtendrán mejores ganancias.
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