Communal Association "semilla" Group
The women in this group have different occupations. While Rebeca and GracieL. knit scarves with alpaca wool and sell their products to tourists, other women sell fruit, tennis shoes, mobile phones accessories and other items. At this moment, all of them need a loan to invest in their businesses, buying raw material (wool) and supplies (fruit, tennis shoes).
Variados son los negocios D. las integrantes D. este grupo, así Rebeca y GracieL. tejen chalinas D. lana D. alpaca, y ofrecen sus productos a los turistas, otras venden frutas, zapatillas, accesorios D. celulares y otros. En esta oportunidad todas necesitan el préstamo para invertir en sus negocios comprando materia prima (lana) y mercadería (fruta, zapatillas),
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