Granadilla 5 Group
Translated from Spanish by Tanya Harper, Kiva volunteer
YAZMIN TIENE 21 AÑOS , UN HIJO SU ESPOSO TRABAJA COMO EMPLEADO PARTICULAR EN LAS OFICNAS DE PETROLEOS MEXICANOS ( PEMEX ), ELLA SE DEDICA REALIZANDO Y CONFECCIONANDO MANUALIDADES EN MATERIALES DE GOMA FLEXIBLE Y GENERO ( FIELTRO) PARA DECORACION DEL HOGAR , RECUERDOS , FIESTAS Y CUMPLEAÑOS . LAS VENDE ENTRE SUS VECINAS, FAMILIARES Y AMIGOS . LAS DEMAS INTEGRANTES DEL GRUPO SE DESEMPEÑAN DOS DE ELLAS REALIZANDO ARTESANIAS TALES COMO PULSERAS Y CINTURONES EN HILOS DE SEDA EN CAMBIO ERENDIDA SE DEDICA A VENDER ZAPATOS A PEDIDOS POR CATALOGO ENTRE LAS MUJERES DE SUS COMUNIDAD .
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