Flamboyan I Group
Besides the same types of business as in the first cycle, selling traditional foods such as egg rolls, 'arem-arem', 'wet pastel' (like empanadas), 'gethuk lindri', branches 'Gesing, nagasari', there is also a business selling clothes. With the loan this time, they will increase the types of food and the types of business of the group members.
Titi is still the leader of this group, because she can provide encouragement to its members, so that, as in the first cycle, the loan repayment can run smoothly for every member. Titi still has a small business making food such as 'wet pastel', 'dry pastel' and egg rolls. Kiva loans benefit her for this; it is very meaningful to her life with her husband and two children.
Titi hopes cycle 2 will run smoothly and the group's members' businesses can grow even more. With the loan this time, she will buy the equipment for the production of cakes and pastries.
About Yayasan Sosial Bina Sejahtera (YSBS)Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.
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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