Va!lectic 2 Group
Translated from Spanish by Eliana Colunga, Kiva volunteer
DOÑA JUANITA COMO TODOS LAS CONOCEN EN SU COMUNIDAD SE DEDICA A LA FLORICULTURA, CULTIVA ROSAS, LAS CUALES SON VENDIDAS EN SAN CRISTOBAL, CON EL CREDITO QUIERE COMPRAR FERTILIZANTES E INSECTICIDAS PARA OPTENER FLORES BUENAS Y BONITAS, Y ALGUN DÍA PODER EXPORTAR ROSAS A MUCHOS PAISES, TIENE 32 AÑOS Y 3 HIJOS A LOS QUE LES ESTA ENSEÑANDO A CUIDAR LAS FLORES LAS CUALES POR MUCHO TIEMPO LES HAN DADO DE COMER A TODA LA FAMILIA, LAS OTRAS INTEGRANTES DEL GRUPO SON LORENA H. PÉREZ Y CATARINA G. H. SE DEDICAN A LA VENTA DE FRUTAS Y VERDURAS Y ROSA H. H. Y MARIA ELENA H. H. SE DEDICAN A LA FLORICULTURA.
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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