Angostura 1 Group
Translated from Spanish by Jere Wiseman, Kiva Volunteer
CONSUELO JUNTO CON SU ESPOSO SE DEDICAN A LA PESCA, ELLA TIENE 42 AÑOS, CINCO HIJOS.LAS DEMAS INTEGRANTES DEL GRUPO SE DESEMPEÑAN EN LA MISMA ACTIVIDAD, YA QUE DE ESTA FORMA OBTIENEN INGRESOS PARA EL GASTO FAMILIAR. PORQUE ESTA ACTIVIDAD ES PREDOMINANTE EN LA ZONA QUE VIVEN.YA QUE SE LOCALIZA CERCA DE LA PRESA DE LA ANGOSTURA Y ES LA FUENTE INGRESOS DE LAS FAMILIAS DEL SECTOR.
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