Flor De Liz 3 Group
Translated from Spanish by Geoff Rubin, Kiva volunteer
EL GRUPO SOLIDARIO LLAMADO FLOR DE LIZ 3 ESTA FORMADO POR TERESA DE JESUS M. (TIENDA DE ABARROTES), JOSEFA MARIELA (TIENDA DE ABARROTES) Y DOÑA TERESA DE JESUS MENDES D. 1° TIENE 57 AÑOS Y TUVO DIEZ HIJOS. INICO EL NEGOCIO DE PANADERIA DESDE HACE DOS AÑOS EN SU CASA, OFRECE AL PUBLICO EN GENERAL PANES DELICIOSOS Y CALIENTITOS TODOS LOS DIAS. ELLAS SON MUJERES EMPRENDEDORAS Y TRABAJADORAS QUE QUIEREN SOBRESALIR PARA OFRECER A SU FAMILIA UNA MEJOR CALIDAD VIDA.
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