Unidas Venceremos 3 Group
Maribel A. is the group coordinator. She runs a small grocery store where she sells basic food supplies for daily cooking. She will use this loan to purchase rice, sugar and malted drinks, which are the items she sells the most. She's been sick recently for an extended period of time, which has led to a decrease in her sales. She hopes to recover soon and attend to her business without having to ask for help (she still doesn't make enough profits to hire staff). She also wants to make some improvements in the space where her store is located. She will work hard to continue paying her loans successfully, as she has done so far.
Please help us support these entrepreneurs through this Kiva loan. Thank you!
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