Most of the group members have five years of experience or less in their respective businesses, though three members have more than ten years' experience and Venancia has 25 years of experience.
The group was originally made up of 15 people, but two group members did not show up for the loan disbursal so they were excluded from the group.
Translated and elaborated by Cynthia McMurry, Kiva fellow
esta fotografia corresponde al banco comunal las estrellas constituido por cuatro varones y ocho mujeres o este desembolso no asistieron dos socias quienes fueron escluidas del banco.
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