Las Activas Group
(Jacqueline and Roxana are related although their income is completely independent of one another.) In general, the members sell products such as cosmetics, food, shoes and groceries. Other members make clothes or proviD. public transportation. The member’s experience in the commercial realm is high. They know how to move forward thanks to their experience and work ethic. The purpose of the loan is for the acquisition of materials, goods and tools that help them generate the largest income. The money will help them to support their families. The members have credit experience as some work in our institution and are in the second cycle of their studies. The new members know about the modality of individual loans.
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