Bendecidas 1 Group
Translated from Spanish by Molly Puglisi, Kiva volunteer.
DOMINGA ES ARTESANA HACE PULCERAS, CINTURONES, CHALES, ANIMALITOS Y PERSONAJES DE FORMA ARTESANAL CON HILO DE SEDA, Y LANA. ELLA LOS VENDE DENTRO Y FUERA DEL ESTADO CHIAPAS EN DONDE PREDOMINA EL TURISMO, TAMBIEN VENDE POR ENTREGO A MAYORISTAS. DE ESTA FORMA ELLA APOYA A SU ESPOSO CON LOS GASTOS FAMILIARES. TIENE 48 AÑOS Y TUVO 9 HIJOS. CON SU PRESTAMO INVERTIRA EN LA COMPRA DE HILOS AL POR MAYOR. FORMA PARTE DEL GRUPO LLAMADO BENDECIDAS 1 JUNTO CON LILIA, ELENA Y ESTELA QUE TAMBIEN SON ARTESANAS.
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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