Lucia s a member of the group "Mujeres Emprendedoras" (Entrepreneurial Women). She is 31 years old, married, and has two children, 11 and 6 years old, both of whom are in school. Lucia works selling various catalogue items, including jewelry and semi-new clothing. She started selling the jewelry three years ago, and afterwards began with used clothing in nearby markets. Now, she also sells plastic bins and kitchen utensils. The loan that she is asking for will be used to stock her business with more plastic bins, and also to buy bundles of clothes in order to sell. Lucia would like to own a taco shop one day. Mujeres Emprendedores is a good group, has been with the institution for a long time, and all of its members get along very well.
Lucia es integrante del grupo Mujeres Emprendedoras, es una mujer madura de 31 años, es casada y tiene 2 hijos de 11 y 6 años, ambos estudian; Lucia se dedica a la venta por catalogo de artículos varios, joyería y ropa semi nueva. Hace 3 años inició vendiendo joyería, después ropa usada en mercados rodantes y ahora vende también vasijas de plástico y utensilios de cocina. El crédito lo utilizara para surtir vasijas y comprar pacas de ropa. Lucia quiere algún día llegar a tener una taquería. Mujeres Emprendedoras es un grupo bueno, antiguo y todas sus integrantes se llevan muy bien.
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.