Cielo Azul Group
For more than four years they have responsibly worked with Pro-Mujer in the main center of Villa Adela. Some are street venders and others have stalls. They want to increase their sales. To do this, they need to get a larger quantity of products.
They are sure they will be able to get better earnings.
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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