Mineros De Bolivia Group
The rest of the members of this group also have different businesses, such as a neighborhood store, selling clothing, making skirts, and selling sweaters. They all require the loan to strengthen and improve their businesses.
Las demás integrantes de este grupo también tienen diversos negocios como la atención de una tienda de barrio, venta de ropa, confección de faldas y venta de chompas.
Todas requieren del préstamo para fortalecer y mejorar sus negocios.
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