Translated from Spanish by Elizabeth Casian, Kiva Volunteer.
PASCUALA QUIERE INSTALAR UNA TIENDA DE ABARROTES EN SU CASA YA QUE VIVE A 30 MINUTOS DEL PUEBLO MAS CERCANO Y EN SU LOCALIDAD NO HAY TIENDAS Y CASI NUNCA HAY CARROS PARA VIAJAR, CON EL CREDITO LE GUSTARIA COMPRAR, ARROZ, AZUCAR, ACEITE, GALLETAS, REFRESCOS, PASTAS, ETC. ELLA TIENE 44 AÑOS, 3 HIJOS, A LOS QUE CON LA INSTALACION DEL NEGOCIO PODRA MANTENER MEJOR ,LAS OTRAS INTEGRANTES DEL GRUPO SON PETRONA H. H., JULIA H. H. LAS CUALES SE DEDICAN A VENDER FRUTAS Y VERDURAS Y TERESA MARIA PÉREZ H. QUE ES ARTESANA.
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