Usumacinta 1 Group
Translated from Spanish by Cindy Kendall, Kiva volunteer.
MARIA TIENE 36 AÑOS, TRES HIJOS, SE DEDICA A PREPARAR DISTINTOS PLATILLOS TIPICOS DE LA REGION. NEGOCIO QUE TIENE INSTALADO EN SU CASA, VENDE TRES VECES POR SEMANA, CON EL CREDITO PRETENDE AMPLIAR EL NEGOCIO, SUS GANANCIAS SON UTILIZADAS PARA LOS GASTOS FAMILIARES. ELLA FORMA PARTE DEL GRUPO USUMACINTA 1, JUNTO CON SUS COMPAÑERAS: BERTHA PÉREZ A. (VENTA D COMIDA), ESTHER GUADALUPE (VENTA DE PERFUMES Y COSMETICOS) CONCEPCION R. D. (VENTA DE ROPA), MARIA CRUZ R. PÉREZ Y MARIA OFELIA D. PÉREZ (COSTURERAS).
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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