San Miguel Group
One of the members, Dora Celia, started a fast-food business selling hamburgers and hotdogs. She is a resident of the municipality of Guadalupe and is known for her delicious sazón (seasoning). Dora Celia’s husband supported her to undertake this desire for self-improvement.
She is sure that the loan commitment she now accepts will allow her to invest in the upkeep of the establishment where she currently sells. Dora Celia is confident that her business is moving forward.
Una de ellas, Dora Celia emprendió el negocio de comidas rápidas, vende hamburguesas y hot-dogs. Ella es vecina del municipio de Guadalupe y es reconocida por su rico sazón. Dora Celia se vio apoyada por su esposo para emprender este deseo de superación.
Ella está segura que el compromiso crediticio que ahora asume le permitirá invertir en el mantenimiento del establecimiento donde actualmente vende.
Dora Celia confía en que su negocio va hacia adelante.
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