Julia is a young woman. She has two children, who are nine and two years of age. She lives in a common law marriage and makes a living from running a store; she has a small grocery store. She began approximately two years ago, turning part of the living room into a room for her business. She says that with this loan she wants to restock her business with fried food, candy, soda, and other items. Julia wants to build a room in what is now the garage in order to attract more clients, as the garage is more visible. She is a member of the solidarity group called Doncellas. They are all women who fight for the well-being of their families and to get ahead financially.
Julia es una joven mujer, tiene 2 hijos de 9 y 2 años de edad, vive en unión libre y se dedica al comercio; tiene una pequeña tienda de abarrotes, comenzó hace 2 años aproximadamente, acondicionando la parte de la sala y un cuarto para poner su negocio y menciona que con este crédito desea resurtirlo con frituras, golosinas, refrescos y demás artículos. Julia desea construir un cuarto en lo que es ahora la cochera de su casa, para así, poder captar mas clientes estando mas a la vista. Ella es integrante del grupo solidario llamado Doncellas, todas son mujeres que luchan por mantener el bienestar de sus familias y sacar adelante la economía de sus hogares.
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.