Nuevo Porvenir Group
They state that they need additional working capital to purchase products at wholesale. They are sure that their sales will double during the holiday season and, in this manner, they will obtain greater profits for the benefit of their families.
Afirman que necesitan mayor capital para la compra de productos al por mayor, están seguras que sus ventas se duplicaran por las fiestas de fin de año, de este modo obtendrán mayores ganancias y beneficios para sus familias
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