Lanza 4 Group
Translated from Spanish by Molly Puglisi, Kiva Volunteer.
GLORIA TIENE 34 AÑOS , CASADA CON 2 HIJOS , SU ESPOSO SE DEDICA AL TRABAJO DEL CAMPO, ELLA VENDE ROPA EN SU CASA Y ADEMAS SALE A VENDER EN LAS CALLES DE LA CIUDAD DESDE HACE COMO 6 AÑOS . AL IGUAL QUE DOÑA FLOR DE MARIA QUIEN TAMBIEN TIENE EN SU CASA VENTA DE ROPA . EN EL CASO DE JULIETA Y ADREGONIA ELLAS TIENEN EN SUS CASAS TIENDA DE ABARROTES Y ABASTECEN DE PRODUCTOS A LAS PERSONAS DE SU COMUNIDAD .SOLAMENTE GABRIELA SE DEDICA A LA VENTA DE REFRESCOS DESDE SU CASA A LOS VECINOS DE SU SECTOR. TODAS ELLAS ABASTECERAN DE MAS MERCADERIA SUS LOCALES CON LA PARTE QUE LES CORRSPONDE DEL PRESTAMO.
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