17 De Agosto Group
The other group members have various businesses like the sale of artifacts, jewelry, clothing, meat, cosmetics and beverages.
They all need funds to acquire merchandise, ingredients or raw materials.
They meet every two weeks at Los Andes Focal Center.
Las demás integrantes tienen variados negocios como la venta de artefactos, joyas, ropa, carne, cosméticos, y refrescos.
Todas necesitan el préstamo para adquirir mercadería, insumos o materia prima.
Ellas se reúnen cada dos semanas en el Centro Focal Los Andes.
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