The rest of the group is involved in a variety of occupations and businesses: Mercedes, Estela and Maribel are domestic employees; Abel is a contractor; Maricela runs her home; Santa sells dry goods; Marcela is a housekeeper; Ana Maria and Suleidy work as nannies; and Bernarda offers cleaning services.
This group is new, and is determined to get ahead with their respective businesses. Most of the group plans to use this loan to improve and expand their businesses for the good of their families and to be able to have a stable life. They are very grateful to AgroCapital for trusting them with this loan.
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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