Tres Pinos 2 Group
Translated from Spanish by Cindy Kendall, Kiva volunteer.
DOÑA MARTHA COMO TODOS LA CONOCEN EN OCOSINGO TIENE 43 AÑOS DE EDAD, DESDE LOS 6 AÑOS DE EDAD SE DEDICA A LA COSTURA, CONFECCIONA TODO TIPO DE ROPA, CON ESTE OFICIO HA PODIDO SACAR ADELANTE A SUS 4 HIJOS, CON EL CREDITO DECEA COMPRAR MATERIAL PARA REALIZAR SU TRABAJO(HILOS, TELAS, AGUJAS, BOTONES), LAS OTRAS INTEGRANTES DEL GRUPO SON, ROSA S. C. TIENE UNA TIENDA DE ABARROTES, MARIA G. V., COMPRA Y VENDE PAN, MARIA DE LOS ANGELES L. HERNANDES VA A INICIAR VENTA DE ROPA, MARIA DEL SOCORRO D., VENDE COMIDA TIPICA(ANTOJITOS).
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