Litoral De Senkata Group
Several different businesses are represented within this group. For example, Norberto has been selling electronics for ten years. Angélica produces macramé handicrafts. Remedios sells sportswear and jerseys. Tomas and his wife are carpenters. The group is need of capital so that they can buy merchandise or supplies (spare parts, thread, fabric, wood, and other items depending on the business).
Diversos son los negocios de este grupo, por ejemplo, Norberto se dedica a la electrónica hace diez años, Angélica realiza trabajos en macramé, Remedios confecciona deportivos y camisetas, Tomas junto a su esposa son carpinteros, Esta asociación necesita capital para la compra de mercadería o materia prima (repuestos, hilos, telas, madera y otros dependiendo el caso)
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