Cesar Y., 26, sells candies on Argentina Street. Beatriz S., 37, also sells candies, in the Río Seco area, and has done so for ten years.
They all need this loan to, once again, invest in their businesses and grow day by day.
Cesar Y. D. 26 años se dedica a vender dulces en L. calle Argentina, Beatriz S. D. 37 años también venD. dulces en L. zona D. Río Seco, hace 10 años.
Todas necesitan el préstamo, una vez más, para seguir invirtiendo en sus negocios y crecer día a día.
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