Lluvia De Oro Group
Maria Tatiana has one child, and he attends the university. She is married, and her husband supports her work. He helps her work in a Karaoke bar. They both run it on the week-ends. It generates income to support the family. Maria Tatiana’s greatest dream is to see her son become a profession. The loan is to remodel the Karaoke bar.
The rest of the members have businesses like selling underwear for women. They generally get it at the Brazilian border in order to deliver it to the wholesale market. Some members sell comforters and other types of clothing. Other members work in passenger transportation, making clothes, selling food, or the sale and repair of cell phones.
The level of competition in the market in which the members work is high. But, all of them know how to get ahead to get their daily income, which supports their families.
The group is in one more cycle, and they demonstrate punctuality and the desire to work to get their families ahead. They do this to give them a better quality of life and to be able to progress more each day.
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