Future Of La Cascada Group
The association has independent businesses, as follows: sales of vegetables, clothing production, food preparation, sales of stockings and lingerie, sales of fruit, and neighborhood grocery stores. They now need capital because they want to increase their sales. In order to accomplish this they need to purchase greater quantities of merchandise.
La asociación tiene negocios independientes, siendo los siguientes; Venta de verdura, confección de ropa, elaboración de comida, venta de medias y ropa intima, venta de frutas, otras tienen tiendas de barrio. Ahora necesitan capital porque desean ampliar sus ventas, para esto necesitan comprar mercadería en mayor cantidad.
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