Mrs. Kamila A. is 24 years old and sells shoes on Tihuanaku Street every day. She needs a loan in order to buy merchandise to resell. Veronia B. is 32 years old and has a hardware store where she sells construction materials like saws, plumbing, pipes and other necessities. She needs a loan in order to buy merchandise to resell. The other members of the Shalom Group from Centro Focal Santiago each have different businesses like painting, a dress shop, a juice store, a cafe, and cheese and chicken sales.
Shalom was foudned two years ago, and the group supports members as if they were sisters.
La señora Kamila A. de 24 años vende zapatos en la calle Tihuanaku todos los días y necesita el préstamo para comprar mercadería. Verónica B. de 32 años tiene su tienda de ferretería, donde vende material de construcción como fierros, tubos, grifos y otros, ella necesita el préstamo para comprar mercadería. Las demás integrantetes del grupo Shalom que pertenece al Centro Focal Santiago II, cuentan con diferentes negocios como la pintura, confección de polleras, venta de jugos, café, queso y pollos.
Shalom se fundo hace 2 años aproximadamente y les gusta llevarse como hermanas.
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.