Los Guadalupes Group
He says he will set up a business and invest his loan in a bicycle repair shop. He hopes his loan will help him because he says he will put everything he has into it so his shop will get ahead.
Edgar belongs to Los Guadalupes Group, which has these five men and six women: Felipe, Fermín, Mario, Rosa, Roció, Inés, Oscar, Edgar, Luz Divina, Romelia, and Celedonia. They all work in commercial activities such as selling tamales, fish, bicycle shop, clothing, vegetables, bread, etc.
Edgar pertenece al grupo "los Guadalupe" el cual esta integrado por 5 hombres y 6 mujeres a continuación serán mencionados: Felipe, Fermín, Mario, Rosa, Roció, Inés, Oscar, Edgar, Luz Divina, Romelia, Celedonia, todas realizan una actividad comercial como son: venta de tamales, pescados, taller de bicicletas, ropa, verduras, pan, etc.
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