8 De Septiembe Group
Despite the high amount of competition in the market, the partners of this bank always know how to move forward without concern for adversity since their families depend on the daily income. With the commitment to continue growing and fulfilling the payments of its shares, the members of this group are fulfilling another cycle with the institution with the desire to achieve greater earnings and to help improve the quality of life in their homes.
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