Comunidad Unida - 9 Group
She plans on selling the undergarments she purchases with her loan to all her current clients ''and anyone else who wants.'' Her future plan is to set up a decoration shop, as big and equipped as she wants it. She plans to continue selling her decoration items and bedding in the future.
So far, she hasn't had problems with customers that have unpaid past due amounts after purchasing on credit. ''I know who I make business with,'' she says. All her customers are reliable people who make their payments on time. She hopes this good relationship with her clients will continue as she diversifies into another sales branch.
Please help us support these new 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