Bella Vista Group
This unusual activity is the main one for the Bella Vista association working in the Alto Lima center of the city of El Alto. Now they want to increase their sales, so they are requesting additional loans to purchase the necessary products for this type of work. They are sure that they will get increased income for the well-being of their families.
Ahora ellas quieren ampliar sus ventas para esto solicitan mayores prestamos para la compra de productos necesarios para este tipo de trabajo. Están seguras que obtendrán mayores ingresos para el bien de 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