Flor de Maria is a 43-year-old woman who has been cut-up chicken from home for over a year. With the profits generated from this business, she supports her 4 children. She would like to purchase a new scale and more chickens with this loan, thus increasing her profits and allowing her to provide for her household. The other members of the group are: Gloria A. D. and Virginia G. L., who raise and sell pigs; and Ana Isabel S. R..
Translated from Spanish by Elizabeth Casian, Kiva Volunteer.
FLOR DE MARIA DE 43 AÑOS DE EDAD VENDE DESDE HACE MAS DE UN AÑO POLLO TROZADO CON DICHAS GANANCIAS MANTIENE A SUS 4 HIJOS, CON EL CREDITO DECEA COMPRAR UNA PESA NUEVA Y MAS POLLOS Y OPTENER MAS GANACIAS PARA PODER PROVEER MAS COSAS EN SU HOGAR, LAS OTRAS INTEGRANTES DEL GRUPO SON GLORIA A. D. Y VIRGINIAG. L. SE DEDICAN ALA CRIANZA DE PUERCOS Y ANA ISABEL S. R..
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.