Las Ardillitas Group
Most of the women in the group sell food for a living or operate a small corner store, or "bodeguitas", from their homes. The Ardillitas are requesting loans of individual amounts, but they collectively guarantee the repayment of the entire bulk loan. The bank members will be using the loan to fund a variety of individual businesses including: sales of fast food, bottled drinks, groceries, snacks, beauty products, artisanal crafts and bananas. Each woman will repay her portion of the bulk loan within the same four month term.
The bank members requesting a group loan are: Lucy Guinaraes Q., Margarita G. C., Adelina Y. S., Carmela Q. O., Juana A. B., Rogelia P. C., Reina D., Marcelina S. I., Antonia V. Y., Lastenia V. Y., Juana V. R., Jessica Liliana V. Q., Yurema Marice F. G., Adela Insalicio C., Elena V. S., and Priscila G. C..
The bank president is Lucy Guinaraes Q.; the bank treasurer is Juana A. B.; and, the bank secretary is Marcelina S. I..
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