Lluvia De Oro Group
The group is involved in various businesses: Rodrigo, Alejandra and Martha sell clothing, Damaso sells livestock, Silveria sells cosmetics, Arely works as household help, Florencia, Maria Elena, and Karen sell food (salchipapas (French fries with hot dog slices), sweets, dry goods and meat), and the other Silveria knits sweaters. Most of the group members plan to use their Kiva loans to buy more merchandise or supplies for their respective businesses.
All of the group members are committed to repaying this loan on time, so that they can continue to work with AgroCapital in the future.
Translated and elaborated by Cynthia McMurry, Kiva fellow
CONFORMADO POR 13 PERSONAS QUE SE ESTABLECIERON DESD. EL PRIMER CICLO, EL GRUPO LLUVIA D. ORO EMPIEZA EN EL AÑO 2007 DOND. LA SRA NOEMI H. CONFORMO EL GRUPO Y DONDOLE EL NOMBRE D. LLUVIA D. ORO.
LAS TRECE PERSONAS QUE CONFORMAN EL GRUPO, SON YA 8 PERSONAS QUE SE MANTIENEN DESD. EL PRIMER CICLO Y LAS DEMAS RETORNAN DEL SEGUNDO CICLO.
TODAS COMPROMETIENDOSE A LA CANCELACION D. SU DEUDA, PARA PODER SEGUIR TRABAJANDO CON LA INSTITUCION.
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