La Capilla Group
Porfiria is going to buy perfumes, and Ángela is going to buy ironing boards and pots and pans. Reyna is going to buy fabric and thread, and Teresa is going to buy candy, caramel lollipops, “pelones” (a popular tamarind-flavored candy), and mangos. Victoria Isabel is going to buy shoes, and Deasy is going to buy cosmetics.
Deasy, age 20, is married and has a one year old son. She requested her loan to buy perfume, make-up, creams, deodorant, and lipstick, etc. She will do this because she is going to start a business of selling by catalog in order to get income for her future and to get her family ahead.
Deasy likes this business because she has the opportunity to meet a lot of people. Her hopes and dreams are to continue working and that it goes well for her in her business. She hopes and dreams of being able to build her house and give her son the best.
The members of the group want to give Kiva and Vision Fund (FRAC) the following message, “We are grateful for the loans. Thanks for having trust in us, we will not let you down. You are giving us the opportunity to grow our businesses and to live better with our families.”
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