Amigas De Fe Y Alegria Group
The other members of this communal bank have economic activities like selling fish, hats, food, clothes, footwear, knitting “polleras” (skirts worn by indigenous women), weaving carpets, or making blankets. They all need the loan to invest in their businesses and to improve them.
Las demás integrantes de esta Asociación tienen actividades económicas como: la venta de pescado, sombreros, comida, ropa, calzados, tejido de polleras (falda para mujer originaria), tejido de alfombras y confección de mantas.
Todas necesitan el préstamo para invertir 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