Buena Amistad Group
Monica has had a business selling food for around 5 years. She has a locale located in the12 de Octubre area. Monica needs the loan to buy ingredients and keep operating her business.
The other members of the Buena Amistad Communal Association have varios businesses, such as: selling cheese, weaving clothing, selling detergent, running a store and selling snacks.
Monica tiene el negocio de venta de comida hace 5 años aproximadamente, cuenta con un lugar de venta fijo que esta ubicada en la zona 12 de Octubre. Monica necesita el préstamo para comprar insumos y seguir operando en su negocio.
Las demás integrantes de la Asociación Comunal Buena Amistad tienen variados negocios como: venta de queso, tejido de prendas de vestir, venta de detergente, atención de tienda de barrio y venta de golosinas.
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