Las Afortunadas Group
"Las Afortunadas" has 11 members, three of whom are new this loan cycle. For most members, this loan will be their second from Kiva partner Manuela Ramos. The bank's members are requesting a total of 4,400 soles, which each member will invest in her respective business. The women of "Las Afortunadas" dedicate themselves to a variety of business ventures, including the sale of charcoal, clothing, soft drinks, cooked food and fruits. Several of the women work as seamstresses.
The members of "Las Afortunadas" are grateful to Manuela Ramos for the financial support they are receiving. They also appreciate the business education sessions given by Manuela Ramos loan officers at their communal bank's monthly meetings. The women are dedicated to progressing with their businesses.
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