Mujeres Al Triunfo Group
Juana has a Pica Pollo (fried chicken restaurant), where the principal dish is chicken with fried plantains or potatoes. She has been running her business for three years. Using some savings, she started selling fried food. She plans to use this loan to invest in her business by buying many pounds of chicken, plantains, potatoes, cooking oil, and other items like disposables. She will use the profits to save and reinvest in her business. She thanks you all for your support!!!
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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Success!! The loan was 100% repaid