Polly Pocket Group
She recently started to add to her sales something she started as a hobby: costume and fine jewelry. She decided to take on the commitment of a loan to continue with her clothing business but also to buy raw materials to nourish her new products and with it start to sell the creations that spring from her imagination. Concepción is convinced that what she does with determination will yield fruits.
Hace poco empezó a incluir en sus ventas, algo que inicio como hobbie: bisutería y joyería. Decidió tomar el compromiso de un crédito para seguir con su negocio de ropa, pero también para comprar materia prima que nutriera su nuevo producto y con ello, ha comenzado a comercializar creaciones que han nacido de imaginación.
Concepción, esta convencida que lo que hace con decisión le produce frutos.
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