Las Tequileras Group
Each one of the members has a different economic activity. Most of them sell clothes for all ages and various foods in the market. The rest of the members, a minority, make bread. The president is a manicurist. There is a great deal of competition, even within the group. It depends a lot on the type of clothes being sold, their quality, and the way they sell. The food sellers always have an optimal level of sales so they do not have big problems.
The loan is to get seasonal merchandise. They will also get supplies, raw material, and tools to improve their sales and generate greater income. This will allow them to give their families a better quality of life.
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