Flor Kantuta Group
Sra. Martha says that she joined a Communal Bank and Pro Mujer six years ago after receiving an invitation. She currently has a business in which she sells food.
The loan she is receiving now will be used to increase her capital for buying rice, noodles, flour, and other items. Working in this manner makes it possible for her to generate income to support her family. Martha is single and has three children.
In the photograph, Don Enrique does not appear because his culture does not allow it. However, a cousin of one of the members does appear with the group.
La señora Martha indica que hace seis años que integra una asociación comunal en Pro Mujer, ingresando por invitación. En la actualidad ella tiene un negocio de venta de comida.
El crédito que sacará ahora es para el aumento de capital (compra de arroz, fideo harina, etc.). Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es soltera y tiene tres hijos.
En la fotografia no encontramos a Don Enrique porque su cultura no le permite; pero acompaña al grupo la prima de una de las socias
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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