Luna Turquesa Group
Cristina has an entrepreneurial business. She began selling silver jewelry by consignment and her husband works as a security guard. She saw that her husband couldn't manage all the expenses so she decided to join a solidarity group that they called Luna Turquesa (Turquoise Moon). She requested a group loan to invest in the purchase of shoe catalogs and gold jewelry. This was necessary so that she could fulfill her first orders and then be able to reinvest in the business.
Her aspiration for the future is to have an established business to continue helping her children in their studies and finish construction of her house, which they have been building little by little with much effort because of so many expenses for their children. Cristina hopes that with the help of this loan and with her hard work, she will some day accomplish this dream.
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