Manantial De Vida 1 & 3 Group
Alfida requires a loan to buy underwear and shoes. She sells them in her house and in other places. She started her business with part of her savings and she has had it for over three years. She will take a step toward improving her business by investing this loan to increase her sales.
Thanks to their loans, Alfida and her group have been able to take a step toward improving their lives, their families’ and their communities’ lives. She thanks you for your help.
One of the members was unable to be in the group picture, but we added her picture into the group, after the rest of the members were photographed.
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