Unidos Podemos 1 Group
Maria raises pigs for resale. She is now expanding into raising chickens, since they are cheaper to raise and in more demand. This way she can raise an animal in a short time and sell it quickly. She hopes one day that the profits that she makes from raising animals in her backyard and sells in her community market, will be enough to buy a farm and supply meat on a larger scale.
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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