Siloe 1 Group
Translated from Spanish by Elizabeth Casian, Kiva Volunteer.
MARIA ELENA TIENE 62 AÑOS DE EDAD, TIENE 5 HIJOS A LOS QUE NO LES PUEDE PEDIR AYUDA ECONOMICA, DEBIDO A LA FALTA DE INGRESOS EN LAS FAMILIAS DE ELLOS, POR LO CUAL DESDE HACE UN AÑO DECIDIO COLOCAR EN SU CASA LA VENTA DE POLLO TROZADO, EL CUAL ES TRAIDO DESDE EL MUNICIPIO DE VENUSTIANO CARRANZA, LAS GANANCIA LE AYUDA A MANTENERSE Y A SEGUIR COMPRANDO MAS POLLOS PARA SU VENTA, CON EL CREDITO LE GUSTARIA ADQUIRIR UN MAYOR NUMERO DE POLLOS Y EVITAR EL GASTO DE TRASLADO, ASI COMO LA COMPRA DE UNA PESA, LAS OTRAS INTEGRANTES DEL GRUPO SON: MARIA DEL SOCORRO G. G., VENDE ZAPATOS POR PEDIDO Y GLORIA PÉREZ A. VENDE ABARROTES EN SU CASA.
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