La Presa Group
He is asking for the loan to make his business grow. He will stock up at various stores in one of the larger towns nearby. He will buy assorted candies, a bit of toilet paper, soap, chlorine bleach; whatever his neighbors most ask him to sell. He is very grateful for the loan he’ll get because it will allow him to provide his children with a better quality of life.
The other five group members are called: Gregoria, Yeimi, Alejandrina, Ana Elsa and Fidelina. They will use their loan to buy thread, hooks and raw materials to make embroidered artisanal bags, to buy fruits and vegetables, fried snacks and candy to sell.
Los otros cinco integrantes del grupo se llaman Gregoria, Yeimi, Alejandrina, Ana Elsa, Fidelina, ellas invertirán su crédito en la compra de hilo, ganchos materia prima para hacer bolsas bordadas artesanales, frutas y legumbres, fritangas y dulces para su venta.
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