El Espacio Group
She is a merchant who has a small grocery store. She reports that she has had this business for 4 years. She hopes that the loan will help her improve the store. She will invest her loan in buying grocery products such as cooking oil, water, soft drinks, milk, eggs, cookies, etc. Concepción would like the business to grow a little more; she says that she is putting all of her efforts into helping the business grow even more.
Concepción belongs to the group "El Espacio" ["The Space"]. They gave it this name because when they began working with FRAC, it was the only institution that accepted men in a group, and thus there was a space for them. The group is made up of two men and nine women, as follows: Daniel, Edith, Enelva, Maria Teresa, Ynocencia, Silvestre, J Carmen, Ariana, Olivia and Rosa. All of them pursue commercial activities such as selling meat, groceries, soft drinks, chickens, fruits and vegetables, costume jewelry, food, etc.
Ella es comerciante tiene una pequeña tienda de abarrotes la cual dice que tiene desde hace 4 años ella espera que el préstamo le ayude a mejorar el negocio e invertirá su préstamo en la compra de productos de abarrotes como son: aceites, agua, refrescos, leche, huevo, galletas, etc. Concepción le gustaría que el negocio incrementara un poco mas ella dice que le esta echando todas las ganas para que el negocio crezca aun mas.
Concepción pertenece al grupo "El Espacio" lo llamaron así porque cuando iniciaron a trabajar con frac era la única empresa que aceptabas hombres en grupo y pues hubo un espacio para ellos, el cual esta integrado por dos hombres y nueve mujeres a continuación serán mencionadas: Daniel, Edith, Enelva, Maria Teresa, Ynocencia, Silvestre, J Carmen, Ariana, Olivia, Rosa, todas realizan actividades comerciales como carnicería, abarrotes, refrescos, polleria, frutas y verduras, artículos de bisutería, comida, 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