San Juana is a working woman. She is 28 years old, is married and the mother of two children. They are 8 and 4 years old and both study. San Juana makes a living selling dairy products and sausage. She sells door to door, in small shops, and markets and she says that the business is working great.
She will use the loan to buy more cheeses and sausages as that is what sells the most. She would like to have a small business and have workers so that she can support them with stable work.
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