Grupo Coral Group
Nancy is one of the group members. She’s 40 years old and a single mother of three children who are 17, 8 and 2 years old. Her 17 year old son works and studies to help with family expenses. Nancy used to work as an employee in a cosmetics firm but a year ago decided to start her own business aiming at earning better income. Now, Nancy owns a small business where she sells clothes and women’s accessories in the various street markets in her neighborhood.
With her loan Nancy wants to buy more clothes and accessories in order to have more variety in her stand. Her long-term goal is to open a boutique in a shopping center. She also hopes to buy a car to help her transport her merchandise and to take her children to school.
NANCY ES UN DE LAS INTEGRANTES DE EL GRUPO, TIENE 40AÑOS Y ES MADRE SOLTERA CON 3 HIJOS DE 17,8 Y 2 AÑOS DE EDAD. SU HIJO DE 17 AÑOS TRABAJA Y ESTUDIA PARA AYUDARLA CON LOS GASTOS DE LA FAMILIA. ANTERIORMENTE, LA SEÑORA NANCY TRABAJABA COMO EMPLEADA EN UNA COMPAÑIA DE COSMETICOS, PERO HACE UN AÑO DECIDIÓ EMPRENDER SU PROPIO NEGOCIO EN BUSCA DE MEJORES INGRESOS. AHORA NANCY ES DUEÑA DE UN PEQUEÑO NEGOCIO EN DONDE VENDE ROPA Y ACCESORIOS PARA DAMA EN LOS MERCADOS RODANTES ALREDEDOR DE SU COLONIA. CON SU PRESTAMO, NANCY QUIERE COMPRAR MAS ROPA Y ACCSESORIOS PARA TENER UN PUESTO CON MAS VARIEDAD. SU META A LARGO PLAZO ES PONER UNA BOUTIQUE EN CENTRO COMERCIAL Y TAMBIEN ASPIRA A COMPRARSE UN AUTOMOVIL PARA AYUDARSE A TRANSPORTAR SU MERCANCIA Y LLEVAR A SUS HIJOS A LA ESCUELA.
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