Fanny 4 Group
Translated from Spanish by Geoff Rubin, Kiva volunteer
DOÑA MARCELINA COMO TODOS LA CONOCEN EN SU LOCALIDAD CUENTA CON 42 AÑOS, DESDE MUY PEQUEÑA APRENDIO A COCINAR Y TRABAJO EN ESTE NEGOCIO DESDE HACE 6 AÑOS TIENE UNA COCINA ECONOMICA MUY PEQUEÑA EN SU CASA DE LA QUE OBTIENE GANANCIAS PARA MANTENER A SUS 5 HIJOS Y COMPRAR PRODUCTOS PARA SU NEGOCIO, CON EL CREDITO PRETENDE COMPRAR UTENSILIOS Y MERCANCIA PARA SU NEGOCIO LAS OTRAS INTEGRANTES DEL GRUPO MARTHA D. VENDE FRUTAS Y VERDURAS, DERFINA MIGUELITA D. VENDE TACOS Y COSMENTICOS, BRENDA ARACELI H. TIENE UNA TIENDA DE ABARROTES Y ANA LAURA M. VENDE ROPA.
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