Los Chacales Group
There is a high level of competition within the commercial area. But, the desire to get ahead makes the group’s members work to help their families’ futures.
They need a loan to help them acquire materials, supplies, and tools to improve their income and the quality of life for their families.
The members do not have experience in unified groups, but they know how to respond to their obligations. They are hard working and honest people. That is the reason why the Agrocapital foundation offers them economic support so that they can give their families a better quality of life.
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