Estrellas De Atipiri Group
The other members of the this association have different businesses like clothing sales, cosmetics, making aguayo (a colored fabric used to carry babies), and a taxi driver.
They are all requesting loans to invest in their businesses.
Las demás integrantes de esta Asociación tienen diferentes negocios como la venta de ropa, cosméticos, producción de aguayo (tela colorida que se utiliza para cargar bebes), atención de tienda, transportista.
Todas necesitan el préstamo para invertir en 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