Las Orquideas Group
For the most part, the members of this large group are involved in the businesses of selling food, selling clothes, selling meat, making handmaD. weavings, and making bread. Some members offer services such as taking care of children, working as employees, nurses and farmers.
The loan is to get merchandise and increase working capital. This is in order to keep getting better and to grow together with the institution that offers them economic support. This support helps their families to get ahead and offers them a better quality of life. This is how to help to personally improve each one of its members.
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