El Progreso 3 Group
Maria operates a small fuel sale stall where she sells gasoline and other fuel to her clients and people who drive down the main street of the community. She operates her business during all day from her small stall on the side of the street just in front of her house. She sells it by half-bottle, litter, and gallon.
Maria is requesting a loan to purchase more fuel to increase her inventory. This is her 13th loan and she has been able to bring changes to her family’s life such as providing school supplies, shoes, clothing and tending to other needs. She will uses her business profits to reinvest into her business and to save. Maria thanks you for your support.
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