Volver A Empezar Group
The team leader has three young school-age children. The team leader, Ilse Lourdes, has a restaurant and sells fried chicken. The members elected her as their leader because of her enthusiasm and responsibility. The women have different businesses selling different things, including: clothing for men and women, underwear, groceries, and food. Some are fixed stores and others are street vendors. There is competition with other businesses, but the women have loyal customers who buy from them constantly. In the event that they have difficulty with their businesses the women diversify and have other sources of income. Some of them have begun to work part-time with a fixed wage.
The members want to take advantage of AVON, EBEL, ÉSIKA's offer and purchase more clothing and consumables (rice, pasta). The team leader wants to expand her restaurant and give more work to the people that live in the area. This group is requesting their first loan. The majority of the women already know each other and have participated in loans with other financial entities.
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