Maria Auxiliadora Group
The group members are mostly ambulatory vendors, with the exception of RuD. and Ines, who sell clothing and underwear, Maria Elena, who is a seamstress, Amalia, who sells crystal dishes, and Omar, who drives a bus. About half of the group has around five years of experience, and the other half has more than 10 years of experience. Clara Julia has been working as a vendor for 35 years!
Most of the group plans to spend their loan to buy more wares to sell. This is the group's fourth loan cycle. Their previous three loans were repaid without problems.
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