Nuevo Atardecer Group
The market has a high level of competition, but the group members know how to get ahead thanks to their experience and personal strength. Silvia demonstrates this. In spite of not being able to walk, she knits and sells her knitting products to get her family ahead.
The loan is to acquire merchandise, raw materials, and work instruments to help generate greater income and improve the quality of life of their families.
In spite of the fact that the group is relatively new, they have demonstrated enthusiasm, unity, and responsibility for the Agrocapital foundation. Agrocapital offers them the economic support that they need.
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