Argentina 2 Group
Translated from Spanish by Eliana Colunga, Kiva volunteer.
MARIA ETELVINA TIENE 25 AÑOS, DOS HIJOS, SU ESPOSO TRABAJA EN EL CAMPO EN LA SIEMBRA DEL MAIZ, ELLA SE DEDICA A LA COMPRA DE DIVERDAS FLORES NATURALES AL POR MAYOR Y POSTERIORMENTE CREA DIVERSOS ARREGLOS FLORALES, LOS CUALES COMPRA LA GENTE DE SU LOCALIDAD PARA SUS EVENTOS ESPECIALES. SUS COMPAÑERAS DE GRUPO SE DEDICAN A ACTIVIDADES DIFERENTES: ELOIDA TIENE UNA ZAPATERIA, CARALAMPIA VENDE POLLOS TROZADOS, MARIOLA TIENE UNA TIENDA DE ABARROTES Y MARIA TERESA VENDE REFRESCOS. AMBAS CON LA PARTE DEL PRESTAMO INVERTIRAN EN EL INCREMENTO DE MERCANCIA PARA CADA ACTIVIDAD.
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