Margarita is a member of the communal bank "Princessa." She works selling natural healthcare products. She started her business 2 years ago so that she could help her husband with the household expenses. This loan will help her to stock up with more products. Margarita's goal is to grow her business and have her own store, so that with the earnings she could buy a house for her family.
Margarita, es integrante del grupo Princessa, trabaja vendiendo productos naturales para el cuidado de la salud; inició hace 2 años con el propósito de ayudar a su esposo con los gastos de la casa. El crédito le a ayudado a surtir mas productos. Su meta es hacer crecer su negocio y tener su propio local y con las ganancias comprar una casa para ella y su familia.
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.