Siempre Vecinas Group
Bertha indicates that this is the first time she’s participated in a communal bank. She currently has a crafts business that she’s had for two and half years. The loan she’s now taking out is to purchase material for her crafts(wool and sewing needles). This method of working makes it possible for her to generate resources to help her family since she’s living in a common law relationship.
Agustina does not appear in the photo because photography goes against her cultural traditions.
La señora Bertha indica que es la primera vez que integra una banca comunal. En la actualidad ella tiene un negocio de artesanías que viene trabajando hace dos años y medio; el crédito que ahora pretende sacar es para la compra de material para la elaboración de sus artesanías (lana y agujas). Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en unión libre.
En la fotografía no aparece la señora Agustina, ya la fotofrafía va contra sus tradiciones culturales.
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