Las Reynas Group
Rosa Isela, one of the neighbors of the communal bank, approached the group and learned about the commitment and benefits it represented for each of its members. She sells snacks from her home and, with the idea of growing her business through investment, she asked "Las Reynas" to be included when the group planned to renew.
Rosy, as they call her, is convinced that she can introduce variety and merchandise into her business so her customer base grows daily.
Rosa Isela, es vecina de ellas y sabia que formaban parte de un crédito grupal y se intereso y conoció del compromiso y beneficio que represento para cada una de sus integrantes. Ella se dedica a la venta de snack en su domicilio. Entonces con la idea de hacer crecer su negocio mediante la inversión, se acercó a las Reynas para que fuera incluida en la renovación del grupo.
Rosy, como le llaman, esta convencida de que podrá inyectar a su negocio variedad y mercancía para tener cada día más clientes.
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