Lagos 3 Group
Translated from Spanish by Molly Puglisi, Kiva Volunteer.
ROSA ES ARTESANA TODA SU FAMILIA DESDE SUS PADRES , HERMANOS E HIJOS SE DEDICAN A ESTA ACTIVIDAD SUS PRODUCTOS LOS VENDEN POR MAYOREO O MENUDEO EN ZINACANTAN O NACHIJ. TAMBIEN CUENTAN CON UN LOCAL QUE RENTAN EN LA CIUDAD DE OCOZOCUAUTLA Y LE PAGAN A UNA PERSONA PARA QUE ATIENDA EL NEGOCIO Y CADA 20 DIAS ELLA VIAJA LLEVANDO MERCADERIA PARA SURTIR EL LOCAL .HACEN SERVILLETAS , MANTELES , CHALES, BLUSAS Y COJINES.LAS DEMAS MIEMBROS DEL GRUPO TAMBIEN TRABAJAN HACIENDO PRENDAS DE ARTESANIA QUE VENDEN CON LOS TURISTAS SOLAMENTE MARIA M. SE DEDICA A LA COMPRA DE SEMILLAS Y CULTIVO DE FLORES EN ESPECIAL ROSAS, RENTA UN LOCAL EN LA CIUDAD DE TUXTLA DONDE VENDE SUS FLORES Y HACE ARREGLOS FLORALES PARA EVENTOS .
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