Mia is a small, good group which has had four loans and can be trusted to make loan repayments. It is made up of six women who work hard for the wellbeing of their families.
Juana is one of the members of the group. She is 66 years old, married, and has one child who is 33 years old and works. Juana works selling shoes and cosmetics by catalog, a job she began doing with the goal of improving herself financially. With this loan, she will pay for orders of cosmetics and new shoes to sell. Juana wants to continue making progress and to grow her business for the good of her family.
Mía es un grupo pagador, bueno y pequeño que tiene 4 ciclos con su crédito, está conformado por 6 mujeres que luchan por el bienestar de sus familias. Juana es una de sus integrantes, es una mujer casada de 66 años y tiene 1 hijo de 33 años que trabaja; ella se dedica a la venta de zapatos, y productos de belleza por catalogo, inició con el fin de ayudarse económicamente; con el crédito comprara pedidos de productos de belleza y zapatos nuevos para la venta. Juana desea seguir progresando y que su negocio crezca para bien de 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.