Zequentic 6 Group
With the loan, she would like to buy raw materials (thread, fabric, and dyes). She is single and with the money she will help to contribute to household costs.
The other members of the group are Maria P. V., Juana Elena P. H., and Pascuala P. H. who are artisans.
Translated from Spanish by Scott Crandall, Kiva Volunteer.
MARIA TIENE 19 AÑOS DE EDAD, COMO ES TRADICION DESDE QUE ES PEQUEÑA VE QUE SU MAMA Y SUS HERMANAS SE DEDICAN A LA ELABORACION DE ARTESANIAS, ELLA DESDE PEQUEÑA BORDA, ACTUALMENTE ELABORA REBOSOS, CENTROS DE MESA, MANTELES, ALMOADAS, BLUSAS, ETC, SU MERCANCIA ES VENDIDA EN SU COMUNIDAD Y A PERSONAS QUE SE ENCARGAN DE LLEVARLA A SAN CRISTOBAL CON SU CREDITO DECEA COMPRAR MATERIA PRIMA(HILOS, TELA Y TINTAS), ES SOLTERA Y EL DINERO EN SU MAYOR PARTE ES DESTINADO A LOS GASTOS FAMILIARES, LAS OTRAS INTEGRANTES DEL GRUPO SON: MARIA PÉREZ V., JUANA ELENA PÉREZ H. Y PASCUALA PÉREZ H. SON ARTESANAS.
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