Adela is the mother of two children and, a few months ago, she decided to set up a business in her home where she could sell basic household products. She saw this as good potential business as she lives in a recently constructed development.
Adela's intuition was correct as she has enjoyed good sales and has gradually added variety to her stock. She is now taking part in this group loan so that she can invest in buying stock for her grocery store and thereby grow her business.
Ella es madre de dos hijos, y hace unos meses decidió poner este negocio en casa, para ofrecer productos de necesidades básicas del hogar pues lo vio prometedor debido a que habita en una colonia de reciente construcción.
Esta premonición fue buena, pues ha tenido buena temporada de ventas y ha ido incluyendo variedad a sus productos.
Ella ahora se esta comprometiendo con este préstamo, para poder invertir en inventario para su abarrotera y con ello crecer su negocio.
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