Usumacinta 2 Group
Translated from Spanish by Tanya Harper, Kiva volunteer
JOSEFA DESDE HACE DOS AÑOS INSTALO EN SU CASA UNA PEQUEÑA TIENDA DE ABARROTES EN DONDE VENDE ARROZ, AZUCAR, ACEITE, GALLETAS, REFRESCOS, PASTAS, ETC. CON SU PRESTAMO INVERTIRA EN COMPRAR MAS PRODUCTOS PARA ABASTECER SU TIENDA Y DE ESTA FORMA PODER SATISFACER A SUS CLIENTES. ELLA TIENE 48 AÑOS, CUATRO HIJOS Y FORMA PARTE DEL GRUPO SOLIDARIO USUMACINTA 2, JUNTO CON DOÑA DOLORES D. PÉREZ (VENTA DE COMIDA), ROSA R. D. Y ESPERANZA DE JESUS C. R. (VENTA DE ROPA), ROSALINDA C. R. Y MANUELA A. PÉREZ (COSTURERAS).
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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