Estrellas De Belen Group
Simona L., 47 years old, is one of the members. For more than 10 years, she has sold bread. Her business has allowed her to cover the costs of her and her family's basic necessities. Now, she needs a loan to acquire merchandise.
The other members of the group are involved in various economic activities such as selling clothes, juices, broad beans, food, and cardboard; offering transportation services, and operating a neighborhood shop.
All of the members need the loan in order to invest and strengthen their businesses.
Una de las integrantes es Simona L. de 47 años desde hace más de 10 años se dedica a vender pan, negocio que le ha permitido cubrir sus necesidades básicas y las de su familia, ahora necesita el préstamo para adquirir mercadería.
Las demás integrantes de este grupo tienen varias actividades económicas como la venta de ropa, jugos, servicio de transporte, venta de habas, comida cartones y tienda de barrio.
Todas necesitan el préstamo para invertir y fortalecer 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