Flor De Rosa Group
Rosa has been a part of the communal bank for six months. She has a business selling food, something she has been doing for years. The loan from this cycle is to outfit another business she has, a music service. The equipment will be acquired in a retail store and later she'll set it up in her commercial space. this work allows her to support her family. She is married and has five children.
La señora Rosa, indica que forma parte de una asociación comunal desde hace seis meses y que en la actualidad ella cuenta con un negocio de venta de comida, que viene trabajando hace años. El crédito de este ciclo es para la implementación de un negocio paralelo, este es el de servicio de música. Este esquipo será adquirido de las tiendas comerciales y posteriormente lo implementara en su espacio comercial. Esta forma de trabajo le permite apoyar a su familia pues ella es casada y tiene cinco hijos.
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