Abasolo 2 Group
Translated from Spanish by Geoff Rubin, Kiva volunteer
DOÑA JUANITA COMO CARIÑOSAMENTE LA LLAMAN EN LA COMUNIDAD TIENE 43 AÑOS Y TRES HIJOS, DESDE HACE 8 AÑOS SE DEDICA A LA VENTA DE POLLO TROZADO, A PESAR DE LO CANSADOR QUE RESULTA SU TRABAJO Y LA POCA GANANCIA QUE ESTO LE GENERA ESTE HA SIDO EL SUSTENTO DE SU FAMILIA, DESEA SU CREDITO PARA PODER OBTENER MAS POLLOS, UNA PESA Y HASTA UNA VITRINA PARA LA MEJJOR EXHIBICION DE SUS PRODUCTOS , LAS OTRAS INTEGRANTES DEL GRUPO ALBINA G. Y MARIA PÉREZ TIENEN UNA TIENDA DE ABARROTES, MARIBEL PÉREZ VENDE FRUTAS Y VERDURAS
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