Nueva Esperanza-21 Group
The members are in a market that is highly competitive. They have their strategies for assuring the sale of their products. Also, they are well known in the local market, and they intend to arrive on the international market by improving the quality of their products.
The loan is to buy supplies for their stores. Some will use it to buy equipment and tools for their shops. Others need the loan to buy merchandise to expand their stores.
This group is undertaking their sixth cycle. Most of them know each other already and have experience, given that they have participated in five cycles. It is a group of united and responsible people. Above all, they have a great desire to get ahead.
Este grupo esta emprendiendo su sexto ciclo, la mayoría D. ellos ya se conocen entre si y cuentan con experiencia puesto que participaron durante cinco ciclos, es un grupo D. personas responsables, unidas y sobre todo con muchas granas D. salir adelante.
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