There are five members of the Sol de Verano Kantutitas group who belong to the Juan Pablo II Focal Center. Benita, 38 years old, works selling furniture and has her own stand at the "16th of July" market. Lizzeth, 28 years old, sells toys at the "Garita de Lima" market. Irma, 36 years old, sells plaster figurines, and Rosario and Florencia offer products on credit. All of these women need the loan to purchase merchandise and to continue operating their businesses.
Cinco son las integrantes del grupo Sol de Verano Kantutitas, que pertenecen al Centro Focal Juan Pablo II,Benita de 38 años se dedica a vender muebles, tiene su puesto propio en la feria "16 de Julio", Lizzeth de 28 años vende juguetes en la "Garita de Lima", Irma de 36 años vende muñecos de yeso y Rosario y Florencia dan productos al crédito. Todas necesitan el préstamo para comprar mercadería y seguir operando ens us negocios.
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.