Most of the group members plan to use their loans to buy more ingredients to prepare food or more merchandise to sell.
Translated and elaborated by Cynthia McMurry, Kiva fellow
el grupo los clavelitos consta de 14 integrantes, la mayor parte de los integrantes del grupo se dedican a la venta de comida, tambien comercio como ser venta de verduras, carne, ropa usada y de abarrotes.las reuniones son cada lunes a las 17:00 en casa de Clemente H. C..
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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