Flores De Febrero Group
Lourdes runs a bookstore and needs a loan to increase her merchandise, such as writing tablets, notebooks, pencils, greeting cards, and other items. The remaining members also have their own businesses selling shoes, clothing, and compact discs. However, the majority have macramé businesses that produce handmade satchels, scarves, and hats. They need a loan to buy supplies such as crochet materials.
Lourdes cuenta que ella tiene una librería y requiere del préstamo para incrementar su mercadería , es decir, comprar hojas, cuadernos, lápices, cartulina y otros. Las demás integrantes también tienen su propios negocios como la venta de zapatos, ropa y CD, pero una mayoría tiene el negocio de macramé, es un tipo de tejido que se hace con las manos y pueden elaborar carteras, chalinas y sombreros y necesitan el préstamo para comprar insumos como la cola de rata.
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