Las Alacatrces Group
Cintia has two daughters: Emili, 3; and Yesenia, 2. Her husband is a mechanic; however, his income fluctuates.
Magdalena has four children: Iliana, 25; Maria Guadalupe, 24; Vianey, 17; and Cesar Mario, 16. Her husband is a rancher.
These women want to help their husbands with the household expenses, as well as give their children a better way of life. For these reasons they decided to start a business.
Maria Inés has been selling clothes for 16 years, which has helped her obtain an extra income. Cintia started 2 years ago selling shoes through a catalogue to her friends and family members. Now her client base is larger. Magdalena started her business 18 years ago. Her goal was to produce her own income, and selling clothes has allowed her to accomplish this goal. Maria Inés is the coordinator of this group called "Las Alcatraces".
They ask for a loan of $ 875, which they will repay in 4 months, to help their business grow, and thus, allow them to provide a better quality of life for their children.
Ellas deseaban apoyar a su esposos con los gastos familiares para así darles una mejor calidad de vida a sus hijos; por lo que decidieron emprender un negocio.
María Inés empezó hace 16 años a vender ropa y así logro obtener el ingreso extra que necesitaba. Cintia comenzó hace 2 años vendiendo zapatos por catalogo a sus amigos y familiares y ahora ya tiene una cartera de clientes mas amplia. Magdalena comenzó su negocio hace 18 años ya que deseaba tener su propia fuente de ingresos, y en la venta de ropa pudo lograrlo. María Inés es la coordinadora de este grupo llamado “Las Alcatraces”
Ellas necesitan de US $ 875 que pagarán en 4 meses para lograr hacer crecer su negocio y así poder ofrecerles mejor calidad de vida sus hijos.
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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