Rosas De Villa Ingenio Group
Ceferina is the community bank's president. She is a young woman of 22. She has 2 children and her business is making tables. She works with her husband. Her husband taught her how to assemble tables. Usually they share their work making tables. They work from customers' orders. The loan which Ceferina has requested for 4,000 bolivianos will be used to buy wood from the builders yards' in Germán Busch district.
La presidenta de la banca comunal, señora Ceferina es una mujer joven de 22 años, madre de 2 niños, su negocio es la elaboración de mesas, trabaja con su marido. Su esposo le enseñó el armado de las mesas, habitualmente la elaboración de las mesas es compartida, trabajan por encargo de sus clientes. El préstamo que ha solicitado es por Bs.4000.- y será invertido en la compra de madera de las barracas de zona Germán Busch.
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