Victoria 3 Group
Translated from Spanish by Maria Peterson, Kiva Volunteer.
JUANA ES ARTESANA , TIENE 20 AÑOS , CASADA , SU ESPOSO VENDE FRUTAS Y VERDURAS .EL RESTO DE LAS PERSONAS QUE INTEGRAN EL GRUPO TAMBIEN TRABAJAN EN ARTESANIAS YA QUE CONSTITUYE EL FUERTE DE INGRESO DE MUCHAS MUJERES DE SU COMUNIDAD PORQUE ESA ZONA ES MUY VISITADA POR LOS TURISTAS LOS CUALES COMPRAN SUS PRODUCTOS POR LA BELLEZA DE SUS BORDADOS Y COLORES VISTOSOS
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