Las Magníficas De Rsr Group
The group's members have all different types of businesses: Simona sells DVDs and CDs, Martha has a dry goods store, Pablo and Hernan are drivers, Giovanna and Deisi sell comforters for beds, Victoria sells clothing, Blanca sells cosmetics, Maria Isabel teaches German classes, Dionicia announces stops on a minibus, Regina sews blankets, and Fernanda sells prepared food. Most of the group members have 1-5 years of experience, although some have more than ten years.
Most of the group members plan to use this loan to buy more merchandise for their businesses, although some plan to use the loan to do construction on their homes, which were provided by the Morales government. All of the women understand their debt to AgroCapital. If they keep working together the way that they have been, Las Magnificas will be around for many more loans.
Translated and elaborated by Cynthia McMurry, Kiva Fellow
GRUPO CONSTITUIDO POR DOCE PERSONAS 89 % MUJERES Y UN VARON.
EL GRUPO LAS MAGNIFICAS RSR ENTRÒ A SU 4TO CICLO CUMPLIENDO CON NORMALIDAD TODAS SUS CUOTAS.
EL PRESTAMO QUE HICIERON ES PARA SUS NEGOCIOS Y ALGUNAS PARA LA AYUDA A LA CONSTRUCCION DE SUS CASITAS QUE FUERON ENTREGADAS POR EL ESTADO.
TODAS SABIENDO SUS DEUDA Y LA RESPONSABILIDAD QUE LLEVA ELLAS TRABAJARAN POR MUCHOS CICLOS MAS
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