Sarantañani Dos Group
The group members are involved in a variety of economic activities. All work as vendors, selling skirts, shawls, plastics, cleaning supplies, paints, clothing, weavings, CDs, glasses, toys, sweets and cell phone accessories. Most have one to five years of experience in their respective businesses, though four of the group members have ten or 15 years of experience. Most of the group plans to use their Kiva loan to buy more merchandise to sell.
The group is currently in its third loan cycle, and expects all of its members will behave well and make all of their repayments on time, in a normal fashion. Their loan officer will work with them constantly, especially on repayment days and during group meetings.
Translated and elaborated by Cynthia McMurry, Kiva fellow
GRUPO SARNATAÑANI DOS este grupo está conformado en base grupo antiguo y nuevas, son D. la misma zona Alto Lima, a cuya cabeza está el Sr. Vicente Antonio E. Choquetanga, como Presidente del grupo, están ya en 3er. Ciclo, se espera que el comportamiento sea buena, en sus amortizaciones o pagos normales en las reuniones programadas, los miembros del grupo tienen diferentes actividades, el seguimiento se hará constante especialmente en las fechas D. pago y reuniones.
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