Lanza 1 Group
Translated from Spanish by Cindy Kendall, Kiva volunteer.
MARIA LUZ TIENE EN SU CASA UNA TIENDA DE ABARROTES DESDE HACE 5 AÑOS , ELLA TIENE 44 AÑOS , TRES HIJOS , SU ESPOSO TRABAJA EN EL CAMPO . LAS OTRAS INTEGRANTES DEL GRUPO TIENEN COMO ACTIVIDAD : DOÑA CAROLINA UNA DULCERIA EN LA CASA DE SU MAMA , DOÑA FLOR VENDE FRUTAS Y VERDURAS EN SU CASA Y DOÑA ALEJANDRA VENDE POLLOS TROZADOS COMO SUS ACTIVIDADES SON VARIADAS ELLAS SE REPARTIRAN EL PRESTAMO Y CADA UNA INVERTIRA APORTANDO MERCADERIAS A SUS NEGOCIOS PARA PODER DE ESTA FORMA AUMENTAR LAS VENTAS
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