Mujeres De Zarecta Group
Most of the members make and sell bread everyday. The rest, a smaller part of the group, sells food, cosmetics, meat, and soda.
As far as the competition goes, their competitors are large businessmen. But, the members have their customers who always generate the necessary economic movement to get the daily income.
The loan is to buy supplies and tools to do their work more efficiently and to produce a greater quantity. This way they can confront the competition in the industrialized market.
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