Maria Magdalena is a member of this group. She is very grateful to be part of a group that can obtain loans as the money has enabled her to invest in her grocery store by buying more stock.
Maria is married and has two children. She decided to open this business in her house in order to sell household basics. Since her family was one of the first to settle in the district, it seemed like a promising opportunity.
Her friends say that Elena is very pleased to have a loan because with these purchases she has improved her business which in turn has led to a better standard of living for herself and her family.
Maria Magdalena, integrante del grupo Tierra, esta muy agradecida por formar parte de un grupo de crédito solidario pues con ello, ha podido invertir en su tienda de abarrotes y proveerlo de mercancía.
Ella es mujer, esposa y madre de dos hijos, y decidió poner este negocio en casa, para ofrecer productos básicos para el hogar ya que lo vio prometedor al ser de las primeras familias en llegar a la colonia.
María Magdalena esta muy comprometida con el préstamo, pues mediante estas inversiones a mejorado su negocio y con ello, la calidad de vida propia y de los suyos.
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