Luz 4 Group
Translated from Spanish by Tanya Harper, Kiva volunteer
DOÑA ROSA COMO TODOS LA CONOCEN EN SU BARRIO CUENTA CON 41 AÑOS, DESDE MUY PEQUEÑA APRENDIO A COCINAR Y TRABAJO EN ESTE NEGOCIO DESDE HACE 5 AÑOS TIENE UNA COCINA ECONOMICA MUY PEQUEÑA EN SU CASA DE LA QUE OBTIENE GANANCIAS PARA MANTENER A SUS 2 HIJOS Y COMPRAR PRODUCTOS PARA SU NEGOCIO, CON EL CREDITO PRETENDE COMPRAR UTENSILIOS Y MERCANCIA PARA SU NEGOCIO LAS OTRAS INTEGRANTES DEL GRUPO SON. MARGARITA P. V. VENDE COMIDA, CLAUDIA IMELDA R. P., CONFECCIONA ROPA, JULIA G. R. Y JAZMIN CANDELARIA R. P. VENDEN ZAPATOS POR CATALOGO.
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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