Grano De Oro Group
For two years, Angela has been engaged in making clothing. She has a small workshop in her home, located in the Villa Mercedes section of the city of El Alto.
She needs the loan for the purchase of raw materials and to continue operating her business. The rest of her colleagues have their own sales, service and production businesses. They all need the loan in order to improve their businesses.
Angela se dedica a cofeccionar prendas de vestir hace dos años, tiene un pequeño taller en su mismo domicilio, ubicado en la ciudad de El Alto, villa Mercedes.
Necesita el préstamo para la compra de materia prima y seguir operando en su negocio. Sus demás compañeras también cuentan con negocios propios de comercio, servicio y producción. Todas necesitan el préstamo para 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