Bailarinas Del Fraile Group
Sra. Silvia is a hardworking woman, who is 38 years old, married and has two children, ages 8 and 14; both are students and her husband drives a trailer. She works selling food at revolving markets. Before, she sold linens however she decided to start selling food because her mother had the business before she transferred it to Silvia and her sister.
With the loan, Silvia will finish paying her mother for the business transfer and she will also invest in supplies to prepare the meals. Silvia would like to improve the business in order to attract customers by offering a better dining experience. In the future she wants to own another restaurant and continue growing.
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