Lanza 4 Group
Translated from Spanish by Cindy Kendall, Kiva volunteer.
DOÑA GLORIA TIENE 34 AÑOS, DOS HIJOS. DESDE HACE OCHO AÑOS VIAJA A LA CIUDAD DE SAN CRISTOBAL O COMITAN A COMPRAR ROPA AL PRINCIPIO INVERTIA EN 30 O 40 PRENDAS, AHORA CON SU PRESTAMO Y CON LAS GANACIAS GENERADAS CON VENTAS ANTERIORES INVERTIRA EN LA COMPRA DE ROPA EN DISTINTOS MODELOS Y TALLAS. PERTENECE LA GRUPO LLAMADO LANZA 4 JUNTO CON DOÑA GABRIELA H. H. (VENTA DE REFRESCOS), FLOR DE MARIA A. AZUNA (VENTA DE ROPA), JULIETA M. L. Y ADREGONIA O. L. (TIENDA DE ABARROTES).
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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