El Esfuerzo Group
The other 14 people in the group are Yolanda, Consuelo, Maria Clara, Carolina, Maria Isabel, Rosalinda, Guadalupe, Flor de Maria, Maria Isaura, Manuela, Aurelia, Carolina, Juan Carlos, and Angelina. They will invest their loans in repairs for a taxi, to purchase basic ingredients to make churros, to buy fabric, thread, and needles to make clothing, to purchase ingredients to make Mexican snacks, to purchase cosmetics and sell them on installment plans, and to stock a grocery store.
Las otras 14 personas se llaman Yolanda, Consuelo, María Clara, Carolina, María Isabel, Rosalinda, Guadalupe, Flor de María, María Isaura, Manuela, Aurelia, Carolina, Juan Carlos y Angelina ellos invertirán sus créditos en refacciones para un taxi, para la compra de materia prima para elaborar churros, la compra de tela, hilos, agujas para elaborar vestidos, para la compra de insumos para realizar antojitos mexicanos, para la compra de cosméticos y venderlos en pagos, para surtir tienda de abarrotes.
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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