She operates a neighborhood store where she sells products such as bread, milk, sugar, candy, cookies, jams, rice, pasta and so on. She needs the loan to buy merchandise to stock her store. Other members of this association operate a range of businesses: weaving blankets, selling fruit, making and selling traditional craft products, etc.
All of the members need funds to buy merchandise, supplies and basic materials, each according to the kind of business they own.
Ella atiende una tienda de barrio, donde tiene productos como pan, leche, azúcar, dulces, galletas, conservas, arroz, fideo y otros. Florentina necesita el préstamo para comprar mercadería y tener una tienda surtida.
Las demás integrantes de esta Asociación tienen actividades económicas como: tejido de mantas, venta de fruta, artesanía, venta de pilas, papa y fruta.
Todas necesitan el préstamo para adquirir mercadería, insumos o materia prima, según el negocio que tengan.
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