Las Preciosas Group
Olivia is a merchant; she has sold fruits and vegetables in the Puerto de Acapulco for nine years. She will invest in the purchase of fruits and vegetables such as: papaya, lemon, melon, and watermelon. She says that the business is going very well and she hopes that it will improve with this loan. She is supporting her family and wants to expand her business.
Olivia belongs to the Las Preciosas group, which has five members, all hard-working women who are dedicated to their work and to getting ahead every day. These women are: Olivia, Ma Guadalupe, Elisea, Maria Bernabé, and Brenda. They each have a business such as: a hardware store; selling groceries; selling fruits and vegetables; a repair shop; etc.
Ella es comerciante vende frutas y verduras en la central de el puerto de Acapulco ya tiene 9 años con el negocio, lo cual invertirá en la compra de verduras y frutas como son: papaya, limón, melón, sandia, etc. Ella dice que le va muy bien con el negocio espera y le vaya mejor esta vez ya que esta sacando adelante a su familia y quiere incrementar el negocio.
Olivia pertenece al grupo las preciosas el cual esta integrado por 5 personas las cuales todas son mujeres trabajadoras y comprometidas con el trabajo y a salir cada día adelante a continuación serán mencionadas: Olivia, Ma Guadalupe, Elisea, Maria Bernabé, Brenda, todas realizan una actividad comercial como son: ferretería, productos de abarrotes, frutas y verduras, vulcanizadota, 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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