Perlas Blancas Group
Mrs. Nicolaz M., who is 47 years of age, indicates that she had belonged to a different Association and has now decided to integrate within this group, who are friends and neighbors in her area. Her business is designing and sewing aprons. She learned this business from her sister. The loan she is requesting will be used to purchase fabric which will be used exclusively for the continued operation of her business.
La señora Nicolaza M., con 47 años indica que antes ya pertenecía a una Asociación y que ahora a decidido integrar un nuevo con amigas y vecinas de su zona, ella tiene el negocio de costura de delantales, aprendió esta actividad de su hermana, el monto que está solicitando es Bs.- 1000 con el que piensa comprar exclusivamente tela y seguir operando en su negocio.
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