Creciendo Juntas Group
Ana Maria makes and sells homemaD. bread in the door to her house. In the afternoons she sells soft drinks. She has three children, and one is independent. She is married and lives in her own house. The loan is to buy supplies to make a greater quantity of bread to distribute to stores that are close to her home.
The rest of the group sells clothes, cosmetics, baked goods, or food. The competition is strong, but the members have experience and know how to get ahead without thinking about the adversities.
The loan is to buy supplies and tools that will speed up their work. It is also to buy merchandise to increase their earnings, which support their families. They struggle day to day to get them ahead, for a better education, and for better food. Their greatest hope is to be able to grow in their businesses and that they generate greater earnings to improve the quality of life for their families.
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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