Nuevo Progreso 5 Group
Mateo manages a butcher shop where she sells different types of meat such as chicken, beef, and pork. She has been in business for several years and also sells bacon, sausages, and salted meats. Mateo started her business because she needed to generate income for her family. She is receiving her first loan and will invest the funds in the purchase of beef and pork. Mateo is grateful to have the opportunity to receive a loan for her business and, God willing, continue receiving additional loans to grow her business and make her dreams become a reality. These include having a house that is solid, well-built, and weather resistant where she can establish her business.
El negocio de Mateo es una carnicería, donde vende diferentes tipos de carnes desde pollo, res y cerdo, lleva ya varios años, vendiendo tocino, salchichas y carne salada, el cual inicio hace ya varios años por la necesidad de llevar ingresos a su familia. Esta recibiendo su primer préstamo, el cual invertirá en la compra de carnes de res y cerdo. Esta agradecida de tener la oportunidad de recibir un préstamo para su negocio, y si el Señor se lo permite, seguirá tomándolos para hacer crecer su negocio y poder realizar sus sueños realidad, de tener su casa, en una buena estructura, sólida y resistente, donde pueda tener su negocio.
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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