One of the members is María C., who is 20 years old and sells different types of clothing at the various fairs. She offers her products on an individual basis, one customer at a time. Another member is Patricia M., who is 24 years old. She has an established vending location on the outskirts of El Alto where she sells mobile phones.
All of the members are in need of loans so that they can strengthen their businesses and generate enough income to cover expenses such as food, housing, clothing, and education for their children.
Una de las integrantes es María C. de 20 años se dedica a vender ropa variada en diferentes ferias ofreciendo persona a persona, otra integrante es Patricia M. de 24 años vende celulares en la Ceja de la Ciudad de El Alto en un lugar fijo.
Todas necesitan el préstamo para fortalecer sus negocios y así generar ingresos para cubrir los gastos de comida, vivienda, ropa y educación de sus familias.
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