Francelia 1 Group
Translated from Spanish by Geoff Rubin, Kiva volunteer
ORALIA TIENE 48 AÑOS , TIENE 3 HIJOS, DESDE HACE 3 AÑOS SE DEDICA A LA VENTA DE PERFUMES Y DE SANDALIAS MERCANCIA QUE DISTRIBUYE EN LA CAPITAL DEL ESTADO, LAS GANANCIAS LAS DESTINA AL APOYO EN EL GASTO FAMILIAR Y A LA INVERSION DE SU MERCARCIA, CON EL CREDITO QUIERE REALIZAR UNA COMPRA MAYOR DE MERCANCIA Y ASI GASTAR MENOS EN EL TRANSPORTE HACIA LA CIUDAD DE TUXTLA GUTIERREZ LAS OTRAS INTEGRANTES DEL GRUPO NORMAYDA PÉREZ Y YURIDIA PÉREZ SE DEDICAN AL COMERCIO, JUANITA PÉREZ TIENE UNA CARNICERIA.
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