Señor De Lagunas Group
The members' businesses are: weaving blankets; selling shoes; masonry; weaving vicuña wool ponchos; selling fried potatoes; selling ponchos, clothing and shoes; and selling groceries.
The group's president, Rosmery Huriste, is 29 years old and has been married for several years. Her business is selling ponchos at the "16 de Julio" market, on Thursdays and Sundays from 8 a.m. to 4 p.m. She has operated this business for 5 years.
Los negocios de las socias son: tejido de mantas, venta de zapatos, albañilería, tejido de mantas de vicuña, venta de papas fritas, venta de mantas, ropa y zapatos, abarrotes.
La presidenta de 29 años de edad, señora Rosmery Huriste, casada desde hace varios años. Ella tiene el negocio del comercio de Mantas en la Feria 16 de Julio, los días jueves y domingo, entre las ocho de mañana y 4 de la tarde. Ya lleva en el negocio 5 años.
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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