Ma Guadalupe is one of the group members, and she operates a new and used clothing sales business that she attends to during the week. On the weekends, she sells hamburgers. Ma Guadalupe has three children who are her motivation for working hard, since she wants to give them nothing but the best. With her children in mind, she decided to join the group, since her business needed an investment to continue in its operations. She plans to use the support from this loan to purchase a cart to improve and facilitate her hamburger sales business.
Ma. Guadalupe es una de ellas, quien tiene un negocio de venta de ropa nueva- usada en mercados y hamburguesas los fines de semana. Ma. Guadalupe tiene tres hijos a los cuales les quiere dar lo mejor por tal motivo decidió entrar en el grupo ya que su negocio necesitaba una inversión para poder tener mayores ingresos; el crédito lo utilizara para comprar un carrito para poder vender sus hamburguesas de manera mas fácil.
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