“Santa Mónica” is a very good, hardworking group. Francisca is a 48-year-old married woman. She’s a hardworking woman who does sewing. She’s always worked sewing and likes what she does very much. She mentions that people seek her out to do special jobs and sewing. She will use the loan to buy a better sewing machine since hers is quite old. She also wants to buy more material to have more variety available for her customers. Her dream is to have her own sewing workshop to provide better customer service.
Santa Mónica es un grupo solidario muy bueno y trabajador. Francisca es una mujer casada de 48 años de edad, es una mujer trabajadora y se dedica a hacer costuras, siempre se ha dedicado a las costuras y le gusta mucho lo que hace; nos menciona que la gente la busca para hacer trabajos y costuras especiales. El crédito lo utilizara para comprar una maquina de coser mejor, ya que la de ella esta muy vieja, además de que quiere comprar mas material para dar mas variedad a sus clientes. Su sueño es tener su propio taller de costura para darles a sus clientes un mejor servicio.
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.