San Martin Group
They work in different types of commercial activities like a grocery store, selling bread, cakes, cell phones, shoes, cosmetics, and making articles of clothing. Some have fixed stands and others are street vendors. If they have competitors, the members have the ability to move their stands and to diversity their merchandise to be able to get a daily income to support their families.
The loan is to buy merchandise, supplies, and tools to help them improve their daily income. For example, getting an electric sewing machine would really help Silvie to deliver her work more quickly. This would improve her daily income to support her children. She would be able to give them everything she always dreamed about, a better education and a better future for the whole family.
As far as their loan experience goes, the members are in their fourth cycle. They show a great desire to keep growing, honesty, and responsibility in their payments.
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