Las Moradoras Group
Dilcia has been operating a second hand sales business for aproximately 8 years. She started her business after she saved enough money to buy her first bag of used clothes. She plans to use this loan to buy two bags of these clothes which she sells by piece in a flea market and at her home. She will use the profits to reinvest in her business.
Dilcia's plans are to save enough money to buy some land and build her house. Also she is dreaming to help her children to attend school and university. She thanks you all for your support of their dreams.
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