Rosas De Villa Ingenio Group
One of the members is Angélica Isabel M., who is 27 years old and sells spices at various markets. Maria C. is 39 years old and makes wallets in her home. All of them need the loan to strengthen their businesses by purchasing raw materials, merchandise, or capital assets.
Una de las integrantes es Angélica Isabel M. de 27 años se dedica a vender condimentos en diferentes ferias. Maria C. de 39 años produce billeteras en su domicilio. Todas necesitan el préstamo para fortalecer sus negocios comprando materia prima, mercadería o algún activo fijo.
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