Maltina owns and operates a beauty parlor out of her house. The entrepreneur offers such services as nail trimming, nail polishing, hair cuts, hair coloring, and the like. She also sells a collection of beauty products to her customers. Maltina is requesting a loan which could allow her enlarge her business. She will buy an assortment of new products and some materials for her beauty parlor. Maltina hopes that her business will grow to the point where she’ll have to hire one or two girls to help her offer better and faster service to her customers.
Maltina’s group members are:
Mercedes Liranza, who is borrowing to buy a small freezer to keep producing ice cream and gelatin treats;
Celeste M. G., to buy clothing in bulk;
Josefina Jacqueline F. M., to expand her business of selling fresh chicken meat; and
Aneisy S. R., to buy cleaning materials for re-sale.
(In the picture appear from the left to the right: Maltina, Celeste, Josefina, Mercedes and Aneisy.)
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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