Barrio Lindo Group
The Group "Barrio Lindo" is maD. up of 16 women and 5 men. The members work in various activities including public transportation, sales of products such as clothing, perfume, bread, sugar cane, meat, as well as construction of houses. This loan will be used to buy supplies, merchandise, materials, and work tools to grow their respective businesses and help improve the quality of life for their families. The majority of the members have experience in work groups and in managing grants. They are responsible and able to comply with their obligations, which is why the foundation, Agrocapital, is supporting them in their efforts to increase their income. There is a family relationship between Mirtha and Pedro, as well as with Diki and Wilmar who are brothers. However, each member has financial independence.
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