Rosa is the owner of a small store where she sells eggs, drinks, rice, sugar, etc. She wakes up at dawn to buy her store's inventory in the wholesale market.
With the loan, she will better supply her store with oil, rice, and other goods, and thus improve her business.
Rosa is the group coordinator; in the picture, she is in the blouse with red stripes and the jean skirt. The Jaritza group consists of 4 people who live in the semi-urban area called Paraiso de Guayaquil.
Rosa will share the loan with the group. They sell bananas and oranges, car decorations, and meats. The group members commit to each other to jointly be responsible for repaying the loan.
Rosa es dueña de una tienda, en la que vende huevos, bebidas, arroz, azúcar etc. Ella se levanta en la madrugada para comprar en el mercado de mayoristas la mercadería para la tienda.
Con el préstamo espera surtir mas su negocio con aceite, arroz, verde y otros víveres, y así mejorar su tienda.
Rosa es coordinadora del grupo ella esta vestida con una blusa de rallas rojas y una falda jeans, el grupo Jaritza es integrado por 4 personas en total. Ellos viven en una zona periurbana en Paraíso de Guayaquil.
Rosa compartirá este préstamo con el grupo. Ellos trabajan en la venta de verdes y naranjas, decoraciones de autos, venta de carnes. Los miembros del grupo mutuamente se comprometen a ser responsables en pagar el préstamo.
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
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