Cruz Del Sur Group
The group is involved in various activies, but mostly in the food and clothing sales sectors. More specifically, Wilfredo, Valeria, Santuza, Eugenia and Salome make and sell clothing (sweaters, skirts and shawls). Viviana, Cristina, Feliza and Vicenta sell food, including prepared meals, chicken, fruits and chuño (dried potato). Santiago is a policeman, and Juan Carlos works as a mechanic.
For the most part, the group members plan to use their share of the loan to increase their inventory or to buy raw materials and ingredients to sew clothing and prepare food. Though there is healthy competition in all of these areas, most of the group members are able to remain competitive by offering a wiD. variety of inventory and introducing new items.
Most of the group members have had previous loans, either with this group or in other similar groups at different microfinance institutions.
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