They have a commitment with the institution and have shown themselves to be responsible. They are certain that they will make a good investment in the items they plan to purchase. Their aim is to improve their quality of life and that of their families. The group will use the total of the loan to purchase inventory.
Tienen un compromiso con la institución demostrando responsabilidad, están seguros que lograran realizar una buena inversión en sus rubros para beneficio y mejora de la calidad de vida de todas ellas y sus familias.El grupo en su totalidad comprara mercaderia.
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